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, hurt by US and Chinese sales, slashes 9,000 jobs globally; CEO to cut pay in half
The Yokohama-based company is planning to cut 9,000 jobs, equivalent to 6.7% of its 133,580 global employees. Uchida declined to give any details about the timing or location of the job and production cuts. Nissan's North American headquarters is in Nashville, and it has manufacturing plants in Tennessee and Mississippi with nonunion workforces.
After a challenging year, Nissan Motor will be cutting 9,000 jobs and 20% of its global manufacturing capacity, the ...
Nissan Motor Company announced it will be "taking urgent measures" to turnaround its business model after results from the ...
Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and ...
Newsweek on MSN1d
Nissan Cuts 9,000 Jobs Amid Declining Sales and Rising CostsNissan, the Japanese automaker, announced it will cut 9,000 jobs— six percent of its 133,000 global workforce— after ...
Nissan is cutting 9,000 jobs globally in an effort to cut costs, the Japanese automobile giant said in an earnings ...
With profits disappearing, Nissan is embarking on a plan to transform the company by slashing costs and making cars people ...
Nissan is making significant cuts as it grapples with declining sales and profitability challenges—mainly, that the company ...
A gauge of Nissan Motor Co.’s credit risk jumped after the Japanese automaker slashed its profit outlook and announced it ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback