Nissan to Slash 9,000 Jobs Amid Financial Struggles
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.