Nissan Plans 9,000 Job Cuts, Slashes Guidance After Loss
The Japanese carmaker is embarking on a turnaround plan that includes cutting global production capacity by a fifth.
Nissan’s planned job cuts not related to potential Trump tariffs, company says
A company spokesperson said the move is not related to any possible tariffs that President-elect Donald Trump might impose. Trump had threatened to impose tariffs of 25% to 100% on imports from Mexico, where Nissan produces some vehicles, because of crime and drugs entering the U.S. at the southern border.
Nissan to axe 9,000 jobs, cut production on weak China, US sales
Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said on Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.
Nissan cuts 9,000 jobs and goes into ’emergency’ mode
Nissan is in full-scale emergency mode to save itself: the automaker is cutting 9,000 jobs, slashing production capacity, and selling off its stake in Mitsubishi Motors.
Nissan's bold overhaul: Job cuts, sales for financial survival
CEO Makoto Uchida announced the company's restructuring plan, which involved tough and painful decisions. The automotive industry is facing potential serious challenges. Another company, whose representatives are speaking very frankly,
Automaker Nissan announces restructuring, job cuts as sales fall
Japanese automaker Nissan has announced a major restructuring, including a global reduction of 9,000 jobs, as it grapples with declining vehicle sales and rising costs
Nissan Announces 9,000 Job Cuts Amidst Struggles in China and the U.S.
Nissan Motor has announced a significant restructuring plan aimed at addressing severe financial and operational challenges.
Nissan Shares Fall Further on Weak Outlook, Plans to Cut Jobs
Nissan Motor Co. shares extended their losses Monday after moves to cut thousands of jobs and slash production capacity cast doubt on Chief Executive Officer Makoto Uchida’s plans to turn around the carmaker.
Nissan cuts 9,000 jobs and 20% of production capacity
Nissan's share price has indeed fallen sharply on the Tokyo Stock Exchange, losing JPY 369 (-36.00, or -8.90%) in the last five days since the announcement of the reduction.
Nissan restructures: 9,000 jobs at risk in survival bid
CEO Makoto Uchida announced the company's restructuring plan, a move that involved difficult and painful decisions. The automotive industry is facing the threat of a severe crisis. Nissan is another brand facing tough times.
Nissan Cutting Thousands Of Jobs And Mitsubishi Shares
It’s dark times at Nissan as the automaker announces it will be cutting 9,000 jobs and how much of a stake it has in Mitsubishi. That’s not a positive sign for the Japanese company, which supplies quite a few rental vehicles here in the US,
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 ...
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Nissan announces 9,000 job cuts in the face of “a severe situation”
Nissan’s CEO is forfeiting 50% of his monthly compensation as the company works to turnaround its performance. © 2024 ...
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Nissan Cuts CEO’s Pay in Half and Slashes 9,000 Jobs in Restructuring
Mitsubishi Motors and Honda will boost Nissan’s investment efficiency and product. The job cuts he announced amount to ...
Nissan, hurt by US and Chinese sales, slashes 9,000 jobs globally; CEO to cut pay in half
Uchida declined to give any details about the timing or location of the job and production cuts. Nissan, which has its ...
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Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned.
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Tariffs, Trump and a Big Ouch at Nissan: IndustryWeek's Weekly Reads
The conclusion of the Boeing strike, long-lived manufacturing companies and big job cuts at Nissan also attracted ...