Nissan's Significant Job Cuts Amidst Financial Turmoil

Nissan, the renowned Japanese automaker, is set to eliminate an additional 10,000 jobs globally, following previously announced cuts of 9,000 positions. This initiative will result in a total workforce reduction of approximately 15%.

The company's financial outlook is bleak, with projected losses estimated between 700 and 750 billion yen for the fiscal year, significantly surpassing earlier forecasts. These losses are attributed to various factors, including depreciation and restructuring costs across multiple regions.

Compounding Nissan's challenges are recent U.S. tariffs on auto imports, further straining operations. As the company prepares to disclose its annual results, it faces the daunting task of navigating a crisis that has plagued it for years.

This drastic move reflects Nissan's urgent need to streamline operations and adapt to a rapidly changing automotive landscape.