US EditionNissan 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.
305 Articles
305 Articles
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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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