Nissan announces 9,000 job cuts, slashes sales forecast

Nissan announces 9,000 job cuts, slashes sales forecast
Thursday 7 November 2024 - 09:32

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was “facing a severe situation”.

“Nissan will cut global production capacity by 20 percent and reduce its global workforce by 9,000,” said the company, which now expects net sales of 12.7 trillion yen ($80 billion), down from 14 trillion previously forecast.

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