US EditionNissan to cut over 10,000 more jobs globally, NHK reports
- Nissan Motor Corp. Reported a $4.5 billion loss for the fiscal year ending March 2025 and plans to reduce its global workforce by about 15% by March 2028.
- The loss and cuts follow slipping vehicle sales in China, high restructuring costs, and impacts from U.S. Tariffs on auto imports.
- Nissan plans to reduce its number of auto plants from 17 to 10 as part of a recovery strategy focused on improving efficiency and strengthening its ability to respond rapidly to shifts in the market.
- CEO Ivan Espinosa said the management takes a 'prudent approach' and that 'all employees are committed to working together' to return to profitability by fiscal year 2026.
- Nissan did not offer profit predictions due to ongoing uncertainties but plans to cut expenses by approximately 500 billion yen and enhance its market position as part of its recovery strategy.
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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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