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Nissan Cuts 9,000 Jobs, CEO Forfeits 50% Pay Amid EV Push

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Nissan Motor said on Thursday that it was planning deep cuts to its global operations as it seeks to reorient its business and recover ground lost in the growing markets for hybrid and electric vehicles in China and the U.S. Around 9,000 job cuts are expected at Nissan, about 20% of its global manufacturing capacity, as per the automa

ker. (Image Credit: nissannews) Nissan is works towards cost reduction by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S. The Nissan restructuring plans underline the its fragility, having never fully recovered from the disarray that led to

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