Nissan has revealed plans to cut 20,000 jobs globally and close seven factories as part of a major restructuring initiative. Originally set to eliminate 9,000 positions, Nissan has added an additional 11,000 jobs to that figure, representing 15% of its workforce. This decision comes in response to increasing costs and tariffs impacting the automotive industry. Nissan's president, Ivan Espinosa, emphasized the need for a self-improvement strategy focused on profitability while adapting to an unpredictable market environment with the new action-based recovery plan.
Nissan has announced a significant restructuring plan, resulting in the loss of 20,000 jobs globally and the closure of seven factories.
The restructuring will affect 15% of Nissan's workforce and is a response to economic challenges and rising costs in the automotive sector.
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