“Nissan Faces Decline in US and Chinese Sales, Cuts 9,000 Jobs Worldwide; CEO Cuts Salary by 50% as company faces ‘severe situation’”
Nissan Motor has announced plans to cut 9,000 jobs and reduce its global manufacturing capacity by 20%, following a challenging year for the automaker. Why is Nissan Cutting Jobs? Nissan is moving forward with layoffs as part of its strategy to “stabilize” and “right-size” the business, aiming to “reinforce product for profitable growth.” In addition