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.

November 07, 2024
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