Nissan To Cut 20,000 Jobs, Shut 7 Plants Globally In Major Restructuring After $4.5 Billion Annual Loss

Quick Summary:

Nissan Motor Co.Ltd.(OTC:NSANY) (OTC:NSANF) announced major steps to reconfigure its global operations after a challenging financial year.

The company said on Tuesday that it will slash thousands of jobs and close almost half of its production plants across the globe, as part of a multi-year restructuring plan targeted towards stabilizing its bottom line.

What Happened: The company shared plans to terminate nearly 15% of its workforce, which entails approximately 20,000 employees, by fiscal year 2027.

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Article Details

Author / Journalist: Proiti Seal Acharya

Category: Technology

Markets: United StatesJapan

Topics: JP3672400003 General Asia US5949181045 Job cuts NSANY US6547444082 Equities Markets NSANF Benzinga News MSFT Tech Layoffs Mobility

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 11:42:48 (4 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28710922

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