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Nissan plans to cut 9,000 jobs and reduce production by 20% amid declining vehicle demand.
Nissan Motor announced significant restructuring measures, including cutting 9,000 jobs and reducing global production capacity by 20%.
The company also downgraded its annual sales forecast by nearly 10%, expecting net sales of 12.7 trillion yen ($80 billion), down from 14 trillion yen.
These changes reflect ongoing challenges in key markets, particularly China, and aim to enhance efficiency and profitability amid declining demand for conventional vehicles.
5 months ago
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