Nissan cuts 9,000 jobs, slashes CEO's pay amid struggling sales
In a significant gesture, CEO Makoto Uchida has agreed to cut his monthly pay in half. The decision comes on the heels of a challenging six months for Nissan. Its operating profit plunged by 90% in the first half of the fiscal year, down to $214 million ...
Nissan Motor Co.’s struggles to cope with tougher car industry conditions and address internal weaknesses have spiraled, leaving the automaker no choice but to slash payroll, production and its ...
The automaker announced its costs-saving strategy would decrease its global production by 20%, resulting in the mass layoff, ...
The Associated Press on MSN1d
Nissan cuts 9,000 jobs as its vehicles fail to sellNissan's chief executive acknowledged the company didn’t respond quickly or flexibly enough to global changes, including ...
Hosted on MSN1d
Nissan CEO Forfeits 50% of Pay as Firm Cuts 9,000 JobsThe calamitous results will prove costly for Chief Executive Officer Makoto Uchida, who’s forfeiting half his compensation starting this month. The CEO told investors Nissan has been affected “not ...
Nissan Motor Corp.'s global workforce reduction was equal to about 6 percent of its payroll of 133,000 employees. The company ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback