Nissan to cut over 10,000 more jobs globally

Nissan to cut over 10,000 more jobs globally

Total cuts, including previously announced layoffs, are about 20,000 or 15% of its workforce, says NHK.

Nissan warned that it would likely book a record US$4.74 billion-US$5.08 billion net loss in the financial year that ended in March due to impairment charges. (EPA Images pic)
TOKYO:
Nissan Motor will additionally 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 today.

The struggling Japanese carmaker last month warned it would likely book a record ¥700 billion to ¥750 billion (US$4.74 billion-US$5.08 billion) net loss in the financial year that ended in March due to impairment charges.

Nissan is set to announce its full-year results today. The company declined to comment on the report.

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