Overview

• Nissan has doubled its planned job cuts to 20,000, amounting to 15% of its global workforce, as part of a sweeping restructuring plan.
• The company reported a record net loss of €4.14–4.6 billion for the past fiscal year, driven by asset write-downs and operational disruptions.
• CEO Ivan Espinosa announced plans to reduce production sites from 17 to 10 by 2027 to streamline operations.
• Nissan has canceled its €990 million Kyushu battery plant project, citing economic infeasibility despite government incentives.
• The automaker continues to face declining sales due to US tariffs and intense competition from Chinese electric vehicle manufacturers.