Nissan announces 9,000 job cuts, slashes sales forecast

Nissan announces 9,000 job cuts, slashes sales forecast …C0NTINUE READING HERE >>>

Nissan did not issue a net profit forecast on Thursday, having downgraded it in July to 300 billion yen.
Photo: Yuichi YAMAZAKI / AFP
Source: AFP

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 CEO Makoto Uchida told reporters that weak sales in the North American market were a major…

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