Nissan cuts 9,000 jobs, slashes CEO's pay amid struggling sales
In a significant gesture, CEO Makoto Uchida has agreed to cut his monthly pay in half. The decision comes on the heels of a challenging six months for Nissan. Its operating profit plunged by 90% in the first half of the fiscal year, down to $214 million ...
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 ...
The automaker announced its costs-saving strategy would decrease its global production by 20%, resulting in the mass layoff, ...
Nissan reported a $60 million loss for its latest quarter, and its response is already out: The company plans to eliminate ...
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Nissan CEO Forfeits 50% of Pay as Firm Cuts 9,000 JobsThe 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 ...
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