Archive · 19 May 2025
Nissan to Cut 15% of Global Workforce Amid Losses
Nissan, a car company, is having some financial problems.
They lost a lot of money last year.
Because of this, they are going to cut about 20,000 jobs around the world.
They are also going to close some of their factories.
This is happening because they want to make the company stronger and more efficient.
Part of the problem is that the cost of importing cars into the U.S. has gone up due to tariffs.
Nissan says they have enough money to fix things, even though it will be challenging.
Nissan is cutting approximately 15% of its global workforce, about 20,000 employees.
The company is reducing its number of auto plants from 17 to 10.
Nissan reported a loss of 670.9 billion yen ($4.5 billion) for the fiscal year.
Restructuring costs contributed to the losses.
U.S. tariffs on auto imports negatively impacted Nissan's results.
- Who
- Nissan Motor Corporation
- What
- Nissan is reducing its global workforce by 15% and reducing the number of auto plants.
- When
- Fiscal year ending March 2025
- Where
- Globally, with headquarters in Yokohama, Japan
- Why
- To enhance performance, create a leaner business, and adapt to market changes, including losses and tariffs.
- Workforce Reduction
- 15% or approx. 20,000 employees
- Plant Reduction
- 17 to 10
- Fiscal Year Loss
- 670.9 billion yen ($4.5 billion)
- Previous Fiscal Year Profit
- 426.6 billion yen
- Cost Reduction Target
- 250 billion yen ($1.7 billion) next fiscal year