Nissan Slashes 15% of Its Global Work Force
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After announcing massive layoffs and factory closures, Nissan said its Tennessee and Mississippi factories remain important to the company.
Nissan is experiencing a perfect storm of issues causing the automaker to struggle with sales and operating profit. So how (if at all) does this affect Tennesseans? What we know.
Nissan’s recovery plan also aims to cut operating costs by $3.4 billion by aligning production with global demand and strengthening strategic alliances, such as its partnerships with Renault in Europe and Dongfeng in China.
Nissan Motor plans to cut around 20,000 jobs worldwide—more than twice the 9,000 announced in late 2024—as part of a sweeping restructuring effort aimed at reversing declining sales and long-term underperformance.
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Nissan confirms 20,000 layoffs worldwideThe number of layoffs announced in November 2024 has more than doubled. Nissan has confirmed that its crisis is deeper than previously communicated. The Japanese car manufacturer will carry out 20,000 layoffs by 2027,
Nissan is set to close seven factories and cut up to 20,000 jobs globally, the car manufacturer's CEO, Ivan Espinosa, announced yesterday (13 May).
Nissan Motor plans to cut more than 10,000 jobs globally, increasing total layoffs to 15% of its workforce. These reductions, along with previously announced cuts, will impact 20,000 employees worldwide.
All three of Japan’s largest carmakers are struggling with tough market conditions in the world’s two largest economies. In the U.S., tariffs have roiled their global supply chains, and in China, they face competition from domestic car companies that sell next-generation electric vehicles at cutthroat prices.
Nissan's new chief executive Ivan Espinosa faces an uphill task turning around the troubled Japanese automaker with no guarantee it can reverse sliding top-line sales, analysts said, even as he moves to slash costs.