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Nissan slashes 15 pc of its global work force as Japan automaker sinks into losses
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....issan slashes 15 pc of its global work force as Japan automaker sinks into losses<BR>PTI News<BR>Dated:- 13-5-2025<BR>PTI<BR>Tokyo, May 13 (AP) Nissan is slashing about 15 per cent of its global work ....
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....force, or about 20,000 employees, as the Japanese automaker reported a loss for the fiscal year that just ended amid slipping vehicle sales in China and other nations. Nissan Motor Corp said it will....
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.... reduce the number of its auto plants to 10 from 17, under what it called its recovery plan to carry out “decisive and bold actions to enhance performance and create a leaner, more resilient busines....
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....s that adapts quickly to market changes.” The Yokohama-based automaker said US President Donald Trump's tariffs on auto imports also hurt its results. Nissan is aiming to reduce its costs by 250....
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.... billion Yen (USD 1.7 billion) during the next fiscal year compared to the fiscal 2024 results that just ended in March. Nissan racked up a loss of 670.9 billion Yen (USD 4.5 billion) for the fiscal....
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.... year through March, down from a 426.6 billion Yen profit recorded the previous fiscal year. Restructuring costs also hit its bottom line. Chief Financial Officer Jeremie Papin told reporters the au....
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....tomaker faces serious challenges in achieving a turnaround, but stressed it has enough cash to do so. (AP) NPK NPK<BR> News - Press release - PIB....