Nissan considering 20,000 job cuts in Europe, developing nations: Kyodo

22 May 2020 - 09:52 By Reuters

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A visitor walks past illuminated Nissan, Infiniti and Datsun brand logos inside the Nissan Motor Co headquarters in Yokohama, Japan.
Image: Toru Hanai/Bloomberg via Getty Images

Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese car maker struggles to recover from plunging car sales.

The possible cuts come as Nissan prepares to announce its updated midterm strategy next week. Profits at the car maker have been floundering for the past three years, and the coronavirus pandemic has piled on pressure for a turnaround at the company.

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