Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese car maker struggles to recover from plunging car sales.
The possible cuts come as Nissan prepares to announce its updated midterm strategy next week. Profits at the car maker have been floundering for the past three years, and the coronavirus pandemic has piled on pressure for a turnaround at the company.
Nissan considering 20,000 job cuts in Europe, developing nations: Kyodo
Image: Toru Hanai/Bloomberg via Getty Images
Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese car maker struggles to recover from plunging car sales.
The possible cuts come as Nissan prepares to announce its updated midterm strategy next week. Profits at the car maker have been floundering for the past three years, and the coronavirus pandemic has piled on pressure for a turnaround at the company.
Nissan plans $2.8bn in cuts as part of restructuring plan: Bloomberg
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