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 fifth of its manufacturing capacity as it struggles with sales in China and the United States.
Nissan, hurt by US and Chinese sales, slashes 9,000 jobs globally; CEO to cut pay in half
The Yokohama-based company is planning to cut 9,000 jobs, equivalent to 6.7% of its 133,580 global employees. Uchida declined to give any details about the timing or location of the job and production cuts. Nissan's North American headquarters is in Nashville, and it has manufacturing plants in Tennessee and Mississippi with nonunion workforces.
Mitsubishi Motors and Honda will boost Nissan’s investment efficiency and product. The job cuts he announced amount to ...
The job cuts he announced amount to about 7% of Nissan’s workforce. --With assistance from Craig Trudell. (Updates with ...
Nissan’s CEO is forfeiting 50% of his monthly compensation as the company works to turnaround its performance. © 2024 ...
Nissan Motor Corp.'s global workforce reduction was equal to about 6 percent of its payroll of 133,000 employees. The company ...
Reuters on MSN1d
Nissan plans 9,000 job cuts, slashes annual profit outlookTOKYO (Reuters) -Nissan Motor announced a $2.6 billion cost saving plan on Thursday, including 9,000 job cuts and a 20% ...
The conclusion of the Boeing strike, long-lived manufacturing companies and big job cuts at Nissan also attracted ...
The Associated Press on MSN1d
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sellNissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned.
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