On Tuesday, the Japanese automotive corporation Nissan announced that it plans to cut 20,000 jobs worldwide. This decision is a response to the company's significant net loss in the completed fiscal year 2024/2025.

Nissan posted an annual net loss of $6.4 billion CAD on Tuesday while saying it plans to cut 15 percent of its global workforce and warning about the possible impact of U.S. tariffs. The heavily indebted carmaker,

The automaker also said it would "consolidate its vehicle production plants from 17 to 10 by fiscal year 2027."

This is one of the biggest yearly losses in the company's history and a major drop compared to the previous year's net profit of 426.6 billion yen.

Ivan Espinosa is mapping a daring route. Nissan Motor’s new CEO, who replaced Makoto Uchida last month, is doubling his predecessor’s planned job cuts and plant closures. Hitting his sales target will be tough in the face of tariffs,

Nissan Motor (OTC:NSANY) announced on Tuesday that it will slash 11,000 additional jobs and significantly reduce production as part of a sweeping cost-cutting strategy aimed at reviving the struggling Japanese

Nissan Motor Co withheld its annual profit guidance and said it will shut production plants as the carmaker struggles with the combined headwinds of surging restructuring costs and the fallout of President Donald Trump’s trade war.