Japanese NHK reported that Nissan Motor plans to expand its layoffs to nearly 20,000 people, which is equivalent to 15% of its total workforce.
Affected by weak sales in the Chinese and American markets, the company's net profit for the first half of the fiscal year ending in September last year plummeted by 94%. In November last year, the company stated that it planned to lay off about 9,000 people.
Nissan will announce its full-year results for the fiscal year ending in March tomorrow (13th). Nissan previously forecasted a full-year loss of up to 750 billion yen (approximately 5.1 billion USD), a record high

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Japanese media NHK reported that Nissan Motor plans to expand its layoffs to nearly 20,000 people, which is equivalent to 15% of its total workforce. Affected by weak sales in the Chinese and American markets, the company's net profit for the first half of the fiscal year ending in September last year plummeted by 94%. In November last year, the company announced plans to lay off about 9,000 people. Nissan will announce its full-year results for the fiscal year ending in March tomorrow (13th). Nissan previously forecasted a full-year loss of up to 750 billion yen (approximately 5.1 billion USD), a record high

NHK: Nissan plans to more than double its layoffs to nearly 20,000 people