Nissan, hurt by US and Chinese sales, slashes 9,000 jobs globally; CEO to cut pay in half
Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.
Nissan Cuts CEO’s Pay in Half and Slashes 9,000 Jobs in Restructuring
Nissan Motor Co.’s struggles to cope with tougher car industry conditions and address internal weaknesses have spiraled, leaving the automaker no choice but to slash payroll, production and its forecasts for this fiscal year.
Nissan announces 9,000 job cuts in the face of “a severe situation”
Nissan’s CEO is forfeiting 50% of his monthly compensation as the company works to turnaround its performance.
Why is Nissan cutting jobs? Will jobs in Tennessee be affected? What to know
Nissan, which has its U.S. headquarters in Franklin, announced the company will be cutting 9,000 jobs following a challenging year. Officials have not announced if the Smyrna plant will be affected.
Nissan shares tumble after cutting 9,000 jobs and halving CEO pay
Nissan’s struggles to cope with tougher car industry conditions and address internal weaknesses have spiraled, leaving the automaker no choice but to slash payroll, production and its forecasts.
Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs.
Nissan announces 9,000 layoffs globally amid effort to cover 'severe' losses
Nissan, which has U.S. operations headquartered in Franklin, announced major cuts to stave off 'severe' global losses on Thursday.
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