Nissan to cut 12,500 jobs as its profit plunges


  • Business Premium
  • Friday, 26 Jul 2019

Nissan

YOKOHAMA: Nissan Motor Co. said it would cut 12,500 jobs, or 9% of its global workforce, after reporting an implosion in profit in the latest quarter that stemmed in large part from the U.S.

The Japanese car maker is struggling to find its footing after a turbulent eight months that included the arrest of former Chairman Carlos Ghosn and tensions with alliance partner Renault SA over whether the two should combine.

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