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.
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Shares of Japanese automaker Nissan tumbled as much as 10.12%, a day after the company posted downbeat quartely results and ...
Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and ...
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Nissan Has A Big Profitability ProblemNissan is making significant cuts as it grapples with declining sales and profitability challenges—mainly, that the company ...
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