Nissan plans to slash more than 12,500 jobs globally, as well as 10% of its production capacity, by 2023. The cuts, part of an overhaul for the Japanese carmaker, include the 4,800 already announced in May. Nissan has come under pressure following the arrest of its former chairman Carlos Ghosn in November, and has been hit by a continuous drop in sales in the U.S., a key market, as well as in Europe.
a bloody Thursday at Nissan Motor Corporation. major corporate restructuring to include: * 10% global production capacity cut by end of fiscal 2022. * 12,500 jobs axed * 10% shrinkage in product lineup by end of fiscal 2022.
?Canary in the mine: It is tempting to blame this on Carlos Ghosn, rather than look at the reality of an overbuilt auto industry and global economic slowdown? https://lnkd.in/eN3b6Kj
Even worse. Nisssan is set to log a 90% decline in operating profit for the April-June quarter! The company has already lost billions of dollars in shareholders' value. On its way down. This is also the cost of government interference and tempering with justice. #Nissan #Japan #Crashing #Bad #Manager https://lnkd.in/gyktdx5