Nissan (NSANY) plans to cut more than 10,000 jobs globally, bringing the total cuts including previously announced layoffs to about 20,000 or 15% of its workforce, Reuters’ Kantaro Komiya and Daniel Leussink report. Nissan is looking to make its business leaner and more resilient after doing poorly in its top market the U.S., according to Japan’s public broadcaster NHK.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSANY:
- Tariffs to be cut on UK-made cars, beef, under new deal, Telegraph says
- UK near trade pact with U.S. with breaks for cars and steel, FT says
- European, Asian automakers face steep shipping costs to U.S., FT reports
- Nissan to close Wuhan, China plant, DigiTimes reports
- White House shares order to avoid cumulative effect of overlapping auto tariffs