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Nissan to cut over 10,000 more jobs globally, NHK reports

  • Nissan announced plans to cut more than 10,000 jobs worldwide, doubling total layoffs to about 20,000, representing 15% of its workforce.
  • The layoffs follow a November restructure aimed at cutting 9,000 jobs and reducing production capacity by 20% due to weak sales in China and the US.
  • Alongside job cuts, Nissan will close a plant in Thailand, two other unidentified facilities, and cancel a $1.1 billion electric vehicle battery factory in Kyushu.
  • CEO Ivan Espinosa said Nissan expects a net loss of $4.74 billion to $5.08 billion for the fiscal year ended March, citing impairment charges and restructuring costs.
  • These measures reflect Nissan's efforts to stabilize amid intensified market challenges and a shrinking competitive environment in key regions.
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Forbes broke the news in United States on Monday, May 12, 2025.
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