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

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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.

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Article Details

Author / Journalist: AP

Category: EconomyBusiness

Markets: IndiaIndonesiaJapan

Topics: Nissan global workforce reduction Nissan vehicle sales decline Nissan job cuts Nissan financial loss Nissan sales forecast

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 18:00:10 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 764 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23461174

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