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

After a drastic break in profits, the new boss of the Japanese automaker decrees a radical cure.

Government asks Nissan for full details over factory closure plans

Nissan revealed earlier on Tuesday that it will shut seven factories and cut around 20,000 jobs globally by 2027 .

Nissan to cut 20K jobs, or 15% of global workforce

Nissan has announced plans to slash tens of thousands of jobs, which will account for about 15% of its global workforce.

The new head of Nissan is intensifying austerity and wants to close almost half of all works worldwide. It's about survival.

Nissan will close seven factories, leading to the loss of 20,000 jobs worldwide, after a tumultuous year for the Japanese automaker, The Guardian reports.

Nissan declines to give a profit forecast for the coming year, blames 'uncertain nature' of U.S. tariffs

Japan's Nissan posted an annual net loss of $4.5 billion on Tuesday while saying it plans to cut 15% of its global workforce and warning about the possible impact of U.S. tariffs. The heavily indebted carmaker, whose mooted merger with Honda collapsed this year, is slashing production as part of its expensive business turnaround plan. "Nissan must prioritise self-improvement with greater urgency and speed," CEO Ivan Espinosa told reporters. "The…