Nissan Motor plans to cut over 10,000 additional jobs worldwide, bringing the total number of layoffs to approximately 20,000, or 15% of its global workforce, according to a report from Japan’s NHK on Monday.
This comes after the Japanese automaker warned last month of a likely record net loss between 700 billion yen and 750 billion yen ($4.74 billion to $5.08 billion) for the fiscal year ending in March, attributed to impairment charges.
Nissan is scheduled to release its full-year financial results on Tuesday. The company has not yet commented on the report.
Related topics: