Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

Nissan CEO breaks silence as company faces producing fewer cars in the future

AUTO manufacturing giant Nissan has announced global job cuts as the company struggles financially to turn a profit. The Japanese automaker announced on Thursday that it will slash 9,000 jobs, or 6% of its workforce, and cut global production capacity by 20%. Nissan has suffered a decline in revenue in the 2024 fiscal yearGetty Images - Getty President and CEO Makoto Uchida announced a slew of global job cutsGetty Images - Getty Nissan’s models …

Nissan to cut 9,000 jobs as profits plunge 93%

Japanese carmaker Nissan says it will cut 9,000 jobs globally, after net profit in the April to September period plunged 93.5% year on year. The company has struggled with weak EV sales in China and has missed the hybrid boom in the US.  But first, Germany's "traffic lights" coalition has collapsed over differences on economic policy.  At the heart of the political feud is the country's "debt brake" system.  Now enshrined in the constitution, it…

Nissan to cut 9,000 jobs globally - leaving uncertainty over Sunderland plant impact

Carmaker Nissan is set to cut 9,000 jobs across the globe - leaving uncertainty over its impact on the Sunderland plant.

Hybrid Misstep Haunts Nissan in Changing Market: Cuts 9,000 Jobs in Global Restructuring

Nissan Motor Co. has unveiled a sweeping restructuring plan to address its declining sales and profitability. The Japanese automaker will cut 9,000 jobs worldwide and reduce its global production capacity by 20%. This move comes as Nissan grapples with weak performance in key markets like China and the United States. The company aims to slash […]