Skip to main content
Holiday Sale — Get 40% off Vantage for yourself or as a gift
Published loading...Updated

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

  • Nissan, a Yokohama-based Japanese automaker, announced a 15% global workforce cut and a plan to reduce auto plants from 17 to 10 by March 2028.
  • These measures follow Nissan’s reported $4.5 billion loss for the fiscal year ending March 2025, caused by falling vehicle sales in China and high restructuring costs.
  • CEO Ivan Espinosa, appointed earlier in 2025, said the recovery plan includes aligning production with demand and leveraging partnerships with Renault and Dongfeng Nissan.
  • Nissan plans to reduce its expenses by roughly 500 billion yen , with CEO Ivan Espinosa highlighting the significant challenges ahead and emphasizing the importance of teamwork to achieve a return to profitability by the fiscal year 2026.
  • The recovery plan aims to improve efficiency and strengthen the company's ability to respond swiftly to shifts in the marketplace amid ongoing uncertainties, with no profit forecast provided for 2026.
Insights by Ground AI
Podcasts & Opinions

303 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 44% of the sources are Center
44% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Forbes broke the news in United States on Monday, May 12, 2025.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal