Nissan to lay off workers, lowers forecast

By Agence France-Presse

Nov 09, 2024 12:12 am

TOKYO — Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle 'a severe situation.'

The company reported a 93-percent plunge in net profit in the first half as Chief Executive Officer Makoto Uchida told reporters that weak sales in the North American market were a major factor.

LAYOFFS This file photo taken on May 9, 2024 shows a man walking past the head office of Japanese automaker Nissan Motor in Yokohama. Nissan on Nov. 7 said it would slash 9,000 jobs and lowered its annual sales forecast as part of measures in the face of a ‘severe situation.’ AFP PHOTO

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