Nissan is planning a reduction of more than 10,000 jobs globally as part of its strategy to turn around a struggling business, Kyodo News reported.
Those additional job reductions, which include early retirement options, come after the automaker said in May it will slash about 4,800 jobs worldwide, the news site said, citing company sources. Nissan has about 139,000 employees around the world.
Kyodo also reported that an announcement is coming on Thursday when Nissan releases earnings for the three months starting April 2019.Nissan shares were up 0.85% Wednesday morning in Tokyo. The company has come under pressure: Nissan reported a 44.6% annual decline in operating profit for the 12 months that ended on March 31, 2019. It cited an unfavorable business climate as car sales fell notably in the United States.Nissan underwent a shakeup in its leadership after former
over alleged financial misdeeds. Ghosn, who denies the charges, has been accused of misusing company funds and understating his income at the Japanese automaker.on uncertain grounds. Renault owns 43% of Nissan, which in turn holds a 15%, non-voting stake in its partner. Nissan reportedly sees the partnership as lopsided and last month,
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