Nissan is planning more job cuts
Nissan Motor Co. plans to cut at least 5,200 additional jobs globally to improve its performance, more than doubling the number flagged earlier this year, Kyodo News reported, citing unidentified sources.
The dismissals come on top of the plan unveiled in May to shed 4,800 jobs, revamp car models and boost poor sales in the U.S.
The further cuts would take the total number of reductions to 10,000, or more than 7 percent of Nissan’s workforce.
Nissan is expected to reveal the plan when it announces its quarterly results Thursday.
Nissan is under pressure to revive its business following car-inspection scandals as well as last year’s arrest and ouster of former Chairman Carlos Ghosn, bringing deep tensions with alliance partner Renault SA to the surface. The carmaker’s operating profit fell to the lowest in a decade in 2018.