Nissan Plans 9,000 Job Cuts, Slashes Guidance After Loss
The Japanese carmaker is embarking on a turnaround plan that includes cutting global production capacity by a fifth.
Nissan’s planned job cuts not related to potential Trump tariffs, company says
A company spokesperson said the move is not related to any possible tariffs that President-elect Donald Trump might impose. Trump had threatened to impose tariffs of 25% to 100% on imports from Mexico, where Nissan produces some vehicles, because of crime and drugs entering the U.S. at the southern border.
Nissan, hurt by US and Chinese sales, slashes 9,000 jobs globally; CEO to cut pay in half
TOKYO — Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S.
Nissan to axe 9,000 jobs, cut production on weak China, US sales
Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said on Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.
Nissan cuts 9,000 jobs and goes into ’emergency’ mode
Nissan is in full-scale emergency mode to save itself: the automaker is cutting 9,000 jobs, slashing production capacity, and selling off its stake in Mitsubishi Motors.
Nissan's bold overhaul: Job cuts, sales for financial survival
CEO Makoto Uchida announced the company's restructuring plan, which involved tough and painful decisions. The automotive industry is facing potential serious challenges. Another company, whose representatives are speaking very frankly,
Automaker Nissan announces restructuring, job cuts as sales fall
Japanese automaker Nissan has announced a major restructuring, including a global reduction of 9,000 jobs, as it grapples with declining vehicle sales and rising costs
Nissan Announces 9,000 Job Cuts Amidst Struggles in China and the U.S.
Nissan Motor has announced a significant restructuring plan aimed at addressing severe financial and operational challenges.
Japanese automaker Nissan cuts 9,000 jobs as its vehicle sales fall
Japanese automaker Nissan has announced a major restructuring including a global reduction of 9000 jobs as it grapples with declining vehicle sales and rising costs
Nissan Shares Fall Further on Weak Outlook, Plans to Cut Jobs
Nissan Motor Co. shares extended their losses Monday after moves to cut thousands of jobs and slash production capacity cast doubt on Chief Executive Officer Makoto Uchida’s plans to turn around the carmaker.
Nissan cuts 9,000 jobs and 20% of production capacity
Nissan's share price has indeed fallen sharply on the Tokyo Stock Exchange, losing JPY 369 (-36.00, or -8.90%) in the last five days since the announcement of the reduction.
Nissan shares slump after it announces 9,000 job cuts and a plan to slash production
Nissan Motor shares slumped 6% in Tokyo trade Friday, a day after the Japanese automaker said it would cut 9,000 jobs and a ...
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Nissan Cuts CEO’s Pay in Half and Slashes 9,000 Jobs in Restructuring
Mitsubishi Motors and Honda will boost Nissan’s investment efficiency and product. The job cuts he announced amount to ...
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Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned.