Nissan is set to reduce its global workforce by approximately 15%, equating to around 20,000 positions, following a fiscal year loss announced Tuesday. This downturn is attributed to declining vehicle sales in China and other markets, compounded by significant restructuring expenses.
As part of its strategic recovery plan, Nissan Motor Corp. will streamline its production facilities, reducing the number from 17 to 10. While the company has not disclosed the specific plants earmarked for closure, it has confirmed that some of the affected sites will be located in Japan.
“Our organization faces considerable challenges ahead,” stated Chief Executive Ivan Espinosa during a press briefing, emphasizing the necessity for discipline and collaboration in overcoming these obstacles. “From this day forward, we are committed to shaping a sustainable future for Nissan.”
