Nissan to Slash 9,000 Jobs Amid Financial Struggles
TL;DR Summary
Nissan Motor Company is implementing significant cost-cutting measures, including reducing its global workforce by 9,000 and cutting CEO Makoto Uchida's monthly pay by 50%, in response to a challenging financial situation marked by decreased revenue and sales. The company aims to reduce fixed and variable costs by over $2.5 billion, restructure its business to become more resilient, and enhance product competitiveness. Nissan plans to launch 30 new models by 2027, focus on new energy vehicles, and strengthen partnerships with other automakers to adapt to market changes.
- Nissan to cut 9k jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation' Fox Business
- Nissan plans 9,000 job cuts, slashes annual profit outlook Reuters
- Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell The Associated Press
- Nissan Cuts Outlook, Announces Restructuring With 9,000 Job Cuts Bloomberg
- Nissan is slashing 9,000 jobs after a dire financial performance Business Insider
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
84%
536 → 86 words
Want the full story? Read the original article
Read on Fox Business