Reported about 14 hours ago
Nissan Motor has announced it will temporarily suspend operations at certain domestic plants as part of a restructuring plan, according to a report by Nikkei. The exact factories affected and the nature of their closures are yet to be determined. In addition to this, Nissan plans to cut over 10,000 jobs worldwide, raising total layoffs to about 20,000, which is 15% of its workforce. The automaker anticipates a significant financial loss, projecting a net loss of up to 750 billion yen for the past business year.
Source: YAHOO