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Nissan reportedly will cut more than 10,000 jobs worldwide



Overview of the Nissan Crossing Showroom in Ginza on 21 November 2018 in Tokyo, Japan

Takashi Aoyama | News |

Japanese carmaker Nissan plans to cut more than 10,000 jobs globally, as it appears to turn its business, Kyodo News reported.

These additional reductions, which include early retirement options, come after the carmaker said in May it will cut about 4,800 jobs worldwide, the news site said, citing company sources. Nissan has around 1

39,000 employees around the world.

Kyodo also announced that a message will be released on Thursday that Nissan will make profits for the three months starting in April 2019.

A Nissan spokesman told CNBC that the company did not comment on speculation.

Nissan shares rose 0.85% on Wednesday morning in Tokyo.

The company is under pressure: Nissan reported a 44.6% annual decline in operating profit for the 12 months ended March 31, 2019. business climate as car sales dropped significantly in the United States.

For the current financial year, Nissan predicts profits to drop by almost 28%.

Nissan has been worried in his leadership after former President Carlos Gosn was arrested last year for alleged financial abuse. Ghosn, who denies the charges, has been accused of misappropriation of company funds and underestimation of his income in the Japanese automaker.

His arrest and subsequent withdrawal have left Nissan's global alliance with the French car manufacturer Renault on uncertain grounds. of Nissan, which in turn holds a 15% stake in its partner. According to reports, Nissan believes that the partnership is unbalanced and last month CEO Hiroto Saikawa said he wanted to maintain equality in the partnership, according to Reuters. For his part, Renault is said to have sought more control within Nissan.

Read the full Kyodo report on Nissan's planned layoffs.


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