Reported about 17 hours ago
Nissan is reducing its global workforce by approximately 15%, equating to 20,000 employees, as it reported significant losses tied to declining vehicle sales and high restructuring costs. The automaker plans to decrease its number of auto plants from 17 to 10 as part of a recovery strategy. CEO Ivan Espinosa emphasized the need for teamwork to overcome challenges while aiming for profitability by fiscal year 2026, amidst external pressures such as U.S. tariffs.
Source: YAHOO