Nissan Is Cutting 9,000 Jobs—And Slashing Its CEO's Pay in Half
Japanese automaker Nissan reported a loss on Thursday for the fiscal quarter, leading the company to announce it is cutting 9,000 people, around 6% of its workforce. Nissan models did not sell well in the U.
Nissan, Stellantis Announce Job Cuts, Production Decreases
Nissan did not specify if its job cuts will include any U.S. workers, while affected Stellantis employees all work in Ohio.
Nissan Slashes 9,000 Jobs, Sells Mitsubishi Shares, May Delay Some Of The 30 New Models Planned
Nissan expects some of the job cuts to come in the form of voluntary separation programs like buyouts. The company says it’s still going to build the 30 new or updated models included in its Arc plan but their timing might be delayed.
Nissan Cuts CEO’s Pay in Half and Slashes 9,000 Jobs in Restructuring
Nissan Motor Co.’s struggles to cope with tougher car industry conditions and address internal weaknesses have spiraled, leaving the automaker no choice but to slash payroll, production and its forecasts for this fiscal year.
Nissan to cut 9,000 jobs, reduce capacity by 20% as it faces 'severe situation'
As Nissan on Thursday reported a roughly half-billion- dollar revenue drop in 2024, the Japanese automaker said it will cut 9,000 jobs and reduce manufacturing capacity by 20%.
Nissan to cut 9 000 jobs amid weak sales
Japanese automaker Nissan on Thursday announced 9000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle “a severe situation”.The company reported a 93% plunge in net profit in the first half as chief executive Makoto Uchida told reporters that weak sales in the North American market were a major factor.
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
Nissan plans 9,000 job cuts, slashes annual profit outlook
Nissan Motor said it would slash 9,000 jobs and cut global production capacity by a fifth, while revising its annual profit outlook sharply lower as it battles headwinds in China and the United States.
Nissan is slashing 9,000 jobs after a dire financial performance
Nissan is cutting 9,000 jobs globally in an effort to cut costs, the Japanese automobile giant said in an earnings statement on Thursday. Nissan said that sales volumes decreased year-on-year to 1.6 million cars,
Nissan Cuts Outlook, Announces Restructuring With 9,000 Job Cuts
Nissan Motor Co.’s struggle to cope with tougher car industry conditions and address weaknesses within its business has spiraled, leaving the automaker with no choice but to slash payroll, production and its forecasts for this fiscal year.
Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss
Nissan has launched an emergency turnaround plan that includes 9,000 job cuts and a voluntary 50 per cent pay reduction for chief executive Makoto Uchida after unveiling another profit downgrade. Japan’s third-largest carmaker said it would slash global production capacity by 20 per cent in an attempt to reduce fixed costs by ¥300bn ($1.
Major automaker cuts 9,000 jobs, slashes CEO salary in half amid financial struggles
The automaker announced its costs-saving strategy would decrease its global production by 20%, resulting in the mass layoff, ...
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Nissan CEO Forfeits 50% of Pay as Firm Cuts 9,000 Jobs
The calamitous results will prove costly for Chief Executive Officer Makoto Uchida, who’s forfeiting half his compensation starting this month. The CEO told investors Nissan has been affected “not ...
Nissan CEO Voluntarily Takes 50% Pay Cut As Automaker Announces Layoffs For 9,000 Workers
Nissan's CEO has announced he will slash his own salary in half as the company embarks on a major restructuring plan that ...
Struggling Nissan to Cut 9000 Jobs, Sell Part of Stake in Mitsubishi
Nissan reported a $60 million loss for its latest quarter, and its response is already out: The company plans to eliminate ...
Nissan to cut 9,000 jobs globally after net income drops by 94%; CEO accepts these 'big problems'
Nissan Motor Corp. is implementing a major restructuring plan that includes 9,000 job cuts and a 20% reduction in production ...