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Struggling Nissan plans to slash 20,000 jobs globally
Struggling Japanese automaker Nissan Motor Co. plans to cut around 20,000 jobs globally, more than 10,000 above the reduction announced last fall, as it deems deeper action is needed to turn its business around, a source familiar with the matter says.
Struggling Japanese automaker Nissan Motor Co. plans to cut around 20,000 jobs globally, more than 10,000 above the reduction announced last fall, as it deems deeper action is needed to turn its business around, a source familiar with the matter said Monday. The company is set to report its earnings for the fiscal year ended March on Tuesday, with attention focused on the impact of U.S. President Donald Trump's higher auto tariffs. In November, Nissan announced plans to cut 9,000 jobs in Japan and overseas and to reduce its global production capacity by 20 percent by fiscal 2026, as its businesses in the United States and China continued to struggle.
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