Reported about 6 hours ago
Nissan Motor Co. announced significant cost reduction measures, including the elimination of 11,000 jobs and the closure of 7 plants, as new CEO Ivan Espinosa aims to save about 500 billion yen. Following a tumultuous year with an 88% drop in operating profit and various challenges, including declining U.S. and China sales, Nissan is striving for a turnaround while facing tough competition and rising costs.
Source: YAHOO