The plans underline the vulnerability of Japan’s third-largest automaker, having never fully recovered from the disarray that led to the 2018 ouster of former chairman Carlos Ghosn.
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 US.
Trump Media short sellers lost $420 million after betting against stock before blowout election victory The Yokohama-based company is planning to cut 9,000 jobs, equivalent to 6.7% of its 133,580 global employees. Nissan will cut its production capacity by 20%, reduce vehicle development lead time to 30 months and deepen collaboration with its partners including Renault and Mitsubishi Motors, it said.Nissan is also selling up to 10% of its stake in Mitsubishi Motors to raise up to 68.6 billion yen .
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