Nissan Motor may cut more than 10,000 jobs globally, which, including previously announced layoffs, raises the total to around 20,000 or 15% of its workforce.
The data was revealed by “Reuters“, citing Japan’s public television channel, NHK, and reinforces the delicate financial situation that Nissan is facing, which forced the company to announce a cost-cutting plan of about €2.6 billion at the end of 2024, including job reductions and a decrease in its global production capacity.
Last month, Nissan warned that it is likely to report a record net loss of $4.74 billion to $5.08 billion for the fiscal year that ended in March, which is expected to be announced on Tuesday.
It is worth noting that in March, Nissan appointed Ivan Espinosa as the new CEO of the Japanese brand, after Makoto Uchida was removed following the failure of negotiations for a merger with Honda.
The two Japanese manufacturers announced negotiations at the end of 2024 to potentially create the third-largest automobile manufacturer in the world in terms of sales, behind Toyota and Volkswagen. The merger, which would also involve Mitsubishi Motors, aimed to reduce costs and enhance competitiveness in electric vehicles (EVs) and autonomous driving technology.
