Nissan more than doubles layoffs to around 20,000

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Nissan more than doubles layoffs to around 20,000 | CNN Business

//business-finance.news-articles.net/content/202 .. ubles-layoffs-to-around-20-000-cnn-business.html

Published in Business and Finance on Tuesday, May 13th 2025 at 7:40 GMT by
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Nissan unveiled sweeping new cost cuts Tuesday, saying it would eliminate 11,000 more jobs and scale back production, capping a tumultuous year that has left the Japanese automaker fighting to turn itself around.

Nissan announced on May 13, 2025, that it will cut up to 12,500 jobs worldwide as part of a major restructuring plan aimed at improving profitability and competitiveness. The job reductions will primarily affect the company's operations in Japan, where up to 7,500 positions will be eliminated, with the remaining cuts spread across Nissan's global operations. The automaker cited a challenging market environment, intensified competition, and the need to adapt to the rapidly changing automotive industry as reasons for the restructuring. Nissan's CEO, Makoto Uchida, emphasized that these measures are essential for the company's long-term sustainability and growth, and that the company will focus on developing new technologies and electric vehicles to meet future market demands.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/13/business/nissan-job-cuts-intl ]

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