TOKYO: Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to...
Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle “a severe situation”.
“Facing a severe situation, Nissan is taking urgent measures to turnaround its performance and create a leaner, more resilient business capable of swiftly adapting to changes in the market,“ a company statement said. “Net income is to be determined due to ongoing assessment of costs necessary for the planned turnaround efforts,“ Uchida said.
It said its stake in Mitsubishi will fall to around 24 percent from 34 percent currently. Uchida added that Nissan would keep close ties with the company.
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Nissan cuts 9,000 jobs globally, slashes sales forecast amid ‘severe situation’TOKYO, Nov 7 — Japanese automaker Nissan today announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle “a severe...
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