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 shares tumble after cutting 9,000 jobs and halving CEO pay
“In this new climate and until we have more details on the restructuring plans, it is difficult to gauge whether Nissan will be able to reduce fixed costs as quickly as last time,” Goldman Sachs Japan Co. analyst Kota Yuzawa wrote in a note. The cost ...
Nissan to cut 9,000 jobs as sales drop
Japan-based Nissan Motor Corp. will cut 9,000 jobs and 20 percent of its global manufacturing capacity, the automaker announced Thursday. It is unclear how the cuts will affect Nissan’s U.S. headquarters (Nissan North America Inc.) in Cool Springs or its manufacturing facility in Smyrna.
The sportscar is also fitted as standard with the SOS call function, which helps emergency services locate the vehicle in the ...
New York Post on MSN1d
Nissan axing 9,000 jobs, CEO cuts his own pay as US sales slumpThe plans underline the vulnerability of Japan’s third-largest automaker, having never fully recovered from the disarray ...
Newsweek on MSN1d
Nissan Cuts 9,000 Jobs Amid Declining Sales and Rising CostsA Nissan staff member recharges a super-quiet, zero-emission electric car that runs with a lithium-ion battery at the ...
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