Nissan to lay off thousands of workers as sales drop - BBC

Getty Images. Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US. The Japanese car making giant says it will cut ...

6%
OFF

Nissan Stock Slumps After It Announces 9,000 Job Cuts And A Plan …

2 weeks from now

Nov 8, 2024 · 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 …

cnn.com

1%
OFF

Japanese Automaker Nissan Cuts 9,000 Jobs As Its Vehicles Fail To Sell

2 weeks from now

Nov 7, 2024 · Nissan, based in the port city of Yokohama, reported fiscal first half sales revenue of 5.98 trillion yen ($39 billion), edging down 1% from the more than 6 trillion yen the same …

go.com

8%
OFF

Nissan Cutting 9,000 Jobs Globally - USA TODAY

2 weeks from now

Nov 7, 2024 · Nissan's global sales fell 3.8% to 1.59 million vehicles for the first half of its financial year, largely due to a 14.3% drop in China. U.S. sales fell almost 3% to about 449,000 vehicles.

usatoday.com

FAQs about Nissan to lay off thousands of workers as sales drop - BBC Coupon?

Will Nissan lay off thousands of workers?

N issan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US. The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth. ...

How many jobs will Nissan cut around the world?

The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth. Nissan did not immediately respond to a request from BBC News for details on where the job cuts will be made. ...

Why did Nissan's global sales fall 3% in the first half?

Nissan's global sales fell 3.8% to 1.59 million vehicles for the first half of the financial year, largely due to a 14.3% drop in China. U.S. sales fell almost 3% to about 449,000 vehicles. Together, the two markets account for nearly half of Nissan's global sales by volume. ...

Why did Nissan cut its global operations?

Nissan Motor said Thursday that it was planning deep cuts to its global operations as it seeks to reorient its business and recover ground lost in the growing markets for hybrid and electric vehicles in China and the United States. The Japanese automaker said it would slash 9,000 jobs and reduce its global production capacity by 20 percent. ...

Will Nissan's chief executive take a 50 percent pay cut?

Nissan’s chief executive, Makoto Uchida, will take a 50 percent pay cut in his monthly compensation, the company added. Nissan reported on Thursday that global sales declined across its core markets — North America, China, and Japan — in the first half of its fiscal year. ...

Why did Nissan cut its profit forecast?

Nissan cut its annual profit outlook by 70% to 150 billion yen ($975 million) on Thursday, the second time it lowered the forecast this year. Like many foreign automakers, it is struggling in China, where BYD and other local manufacturers are gobbling up market share with affordable EVs and hybrids that boast advanced technology. ...