Nissan Motor will slash more than 10,000 jobs globally, bringing the total cuts including previously announced layoffs to about 20,000 or 15% of its workforce, Japan's public broadcaster NHK reported on Monday.
The struggling Japanese carmaker last month warned it would probably book a record ¥700bn (R86.41bn) to ¥750bn (R92.58bn) net loss in the financial year that ended in March due to impairment charges.
Japan's third biggest carmaker is set to announce its full-year results on Tuesday.
It declined to comment on the report.
Nissan is looking to make its business leaner and more resilient after doing poorly in its top market the US, where its performance suffered heavily from a lack of hybrids and an ageing line-up.
It is also struggling in China, where it is looking to stop a punishing sales slide with the launch of about 10 new vehicles in the coming years.
Nissan, which had more than 133,000 employees in March last year, had already been looking to slash 9,000 jobs and reduce global capacity by 20% as part of its restructuring plans.
Its weak performance forced it to cut its profit outlook four times for the financial year that just ended.
Nissan to cut more than 10,000 jobs globally, NHK reports
Image: Anna Barclay/Getty Images
Nissan Motor will slash more than 10,000 jobs globally, bringing the total cuts including previously announced layoffs to about 20,000 or 15% of its workforce, Japan's public broadcaster NHK reported on Monday.
The struggling Japanese carmaker last month warned it would probably book a record ¥700bn (R86.41bn) to ¥750bn (R92.58bn) net loss in the financial year that ended in March due to impairment charges.
Japan's third biggest carmaker is set to announce its full-year results on Tuesday.
It declined to comment on the report.
Nissan is looking to make its business leaner and more resilient after doing poorly in its top market the US, where its performance suffered heavily from a lack of hybrids and an ageing line-up.
It is also struggling in China, where it is looking to stop a punishing sales slide with the launch of about 10 new vehicles in the coming years.
Nissan, which had more than 133,000 employees in March last year, had already been looking to slash 9,000 jobs and reduce global capacity by 20% as part of its restructuring plans.
Its weak performance forced it to cut its profit outlook four times for the financial year that just ended.
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