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Nissan to cut over 10,000 more jobs, NHK reports
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Nissan to cut over 10,000 more jobs, NHK reports
May 26, 2025 5:42 AM

TOKYO, May 12 (Reuters) - Nissan Motor ( NSANF ) will cut

more than 10,000 jobs globally, bringing the number of layoffs,

including those previously announced, to about 20,000 or 15% of

its workforce, Japan's public broadcaster NHK reported on

Monday.

Japan's third-biggest automaker is striving to make its

business leaner and more resilient after weak sales in China and

its biggest market the United States.

Nissan ( NSANF ) declined to comment on the report.

It is set to announce on Tuesday results for the

business year that ended in March. It warned last month it would

likely book a record 700 billion yen to 750 billion yen ($4.74

billion-$5.08 billion) net loss in that year due to impairment

charges.

The car maker missed out on the growing popularity of hybrid

models in the United States and failed to capitalise on an early

lead in electric vehicles there.

It has also suffered in China, the world's biggest auto

market, where it plans to launch some 10 new vehicles in the

coming years to try to halt a slide in sales.

CEO Ivan Espinosa, who took over from Makoto Uchida as

chief executive last month, is restructuring Nissan's ( NSANF ) operations

and has previously said the company was considering extra

measures.

Nissan ( NSANF ), which had more than 133,000 staff as of March

last year, announced plans last November to cut 9,000 jobs and

reduce global capacity by 20%.

It has also said it would close a plant in Thailand by

June and shut two more plants that it has not identified.

On Friday, it said it had decided to give up a plan to

build a $1.1 billion factory, for which it was set to receive

government subsidies, for EV batteries on Japan's southwestern

island of Kyushu.

Its weak performance forced it to cut its profit outlook

four times for the financial year that just ended.

($1 = 147.7300 yen)

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