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Nissan to cut 10,000 more jobs worldwide

The emblem of Japanese automaker Nissan Motor is seen at a showroom in Yokohama on May 9 2024. The.j

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Nissan plans to cut 10,000 more jobs worldwide, a report by AFP on Monday said, quoting Japanese media reports.

The development comes just one day before the struggling carmaker was expected to report a record annual loss of around $5 billion.
Public broadcaster NHK said the decision, in addition to a November announcement that it would slash 9,000 positions, means Nissan is now aiming to reduce its total workforce by approximately 15 per cent.
Nissan, whose mooted merger with Honda collapsed earlier this year, declined to comment on the report, which also appeared in the Nikkei business daily.
The company — one of the top 10 automakers by unit sales — is heavily indebted and engaged in an expensive business restructuring plan.

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