automobile.fandom.com/wiki/Nissan
Nissan Motor Corporation announced a sweeping restructuring plan on Tuesday, including a 15% cut to its global workforce—approximately 20,000 jobs—as the automaker grapples with steep losses and declining sales in key markets such as China.
The Japanese auto giant, headquartered in Yokohama, also plans to shrink its global manufacturing footprint, reducing the number of its production plants from 17 to 10. The company described the move as part of a broader recovery initiative to create a leaner, more agile operation that can better respond to shifting global demand.
Nissan reported a net loss of 670.9 billion yen (USD 4.5 billion) for the fiscal year ending March 2025, a dramatic reversal from the 426.6 billion yen (USD 2.9 billion) profit it posted the previous year. The company attributed the downturn to multiple factors, including falling vehicle sales in major international markets, restructuring expenses, and the ongoing impact of U.S. tariffs on auto imports under President Donald Trump’s administration.
Chief Financial Officer Jeremie Papin acknowledged the “serious challenges” Nissan faces in executing a successful turnaround but emphasized that the company possesses sufficient liquidity to fund its recovery strategy. Nissan also aims to slash costs by 250 billion yen (USD 1.7 billion) during the next fiscal year, part of a push to restore profitability and competitiveness in a turbulent global auto market.
Despite the setbacks, Nissan said it remains committed to adapting quickly and decisively to global economic shifts and consumer trends.
