Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

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The story "Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell" was covered 2 weeks ago by Times of India, a news publisher based in India.

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Times of India 2w ago

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell - Times of India

Quick Summary:

International Business News: TOKYO: Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japa.

Nissan Motor Corp announced a global workforce reduction of 9,000 people, or about 6 per cent of its more than 1,33,000 employees, as well as a plan to slash global production capacity by 20 per cent.

Its April to September profit totaled 19.2 billion Yen (USD 124 million), declining sharply from the 296.2 billion Yen earned over the six months last year.