Nissan cuts 20000 jobs, shuts 7 plants
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essanews.com on MSNNissan to slash 20,000 jobs amid massive financial lossOn 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,
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From Profit to Plunge: Why Nissan’s $4.8B Loss Signals Bigger TroubleIts Largest Deficit Ever Nissan Motor Company announced that it would record a consolidated net loss of up to 750 billion JPY (approximately 4.8 billion USD) for the fiscal year ending March 2025. This marks a dramatic reversal from a net profit of 426.
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.
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