Nissan to axe over 10,000 more jobs worldwide, bringing total cuts to 20,000, NHK reports

WorldBusiness & Finance
12 May 2025 • 5:21 PM MYT
Malay Mail
Malay Mail

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TOKYO, May 12 — Nissan Motor will additionally slash more than 10,000 jobs globally, bringing the total cuts including previously announced layoffs to about 20,000 or 15 per cent of its workforce, Japan's public broadcaster NHK reported on Monday.

The struggling Japanese carmaker last month warned it would likely book a record ¥700 billion to ¥750 billion (RM20.4 billion-RM21.8 billion) net loss in the financial year that ended in March due to impairment charges.

Nissan is set to announce its full-year results on Tuesday. The company declined to comment on the report. — Reuters