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Nissan Expands Job Cuts to Over 19,000 Amid Record Financial Losses

The automaker braces for a ¥700–750 billion annual loss and intensifies restructuring efforts after failed merger talks and declining sales in key markets.

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L'action Nissan a perdu 40% sur l'année écoulée

Overview

  • Nissan has announced plans to eliminate over 19,000 jobs globally, representing 15% of its workforce, as part of its restructuring strategy.
  • The company forecasts a record net loss of ¥700–750 billion for fiscal 2024–25, driven by impairments and restructuring costs.
  • Sales in China plunged by 27% in early 2025, while U.S. operations face challenges from a 25% tariff on imported vehicles imposed in April.
  • Nissan has canceled a $1.1 billion battery plant project in Kyushu and plans to close an assembly plant in Thailand by next month.
  • Credit rating agencies have downgraded Nissan’s debt to speculative, citing high leverage and aging vehicle models, prompting an urgent search for strategic partners.