US EditionNissan to cut over 10,000 more jobs globally, NHK reports
- Nissan, a Yokohama-based Japanese automaker, announced plans to cut over 20,000 jobs globally by March 2028 and reduce auto plants from 17 to 10 as part of a recovery plan.
- Nissan's decision to reduce its workforce and close several plants comes after the company reported substantial fiscal losses, driven by declining auto demand in China and other markets, along with high restructuring expenses and global economic challenges.
- New CEO Ivan Espinosa, who took over earlier in 2025, said the recovery plan results from a thorough review to align production with demand while leveraging partnerships with Renault and Dongfeng Nissan.
- For the fiscal year ending in March 2025, Nissan reported a net loss of 670.9 billion yen , a significant reversal from the previous year’s profit of 426.6 billion yen. The company aims to cut expenses by 500 billion yen as part of its recovery strategy.
- Nissan’s management emphasized the difficulty of the task ahead, stressing discipline and teamwork, with all employees committed to returning the company to profitability by fiscal 2026 despite serious challenges.
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Nissan to shut 7 plants, shed 20,000 jobs on huge loss
Yokohama (Jiji Press) — Nissan Motor Co. said Tuesday that it will close seven vehicle plants and reduce its group workforce by 20,000 people in Japan and abroad by fiscal 2027. Nissan announced additional restructuring measures as it reported a consolidated net loss of 670.8 billion yen for fiscal 2024 through March this year, almost
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