Archive · 2 Jun 2025
Nissan to Shut Factories, Cut Jobs After Major Losses
Nissan, a Japanese car company, is in trouble.
They lost a lot of money and plan to close seven factories and cut 20,000 jobs.
The new boss is trying to fix things by cutting costs.
They are also dealing with potential problems from US tariffs on cars.
Nissan is trying to work with other companies like Renault, Mitsubishi, and maybe even Honda, to improve their business.
The company's previous plans to team up with Honda didn't work out, but Nissan is still working with them.
Nissan plans to close seven factories by the 2027 fiscal year.
The company will cut 20,000 jobs as part of its restructuring efforts.
Nissan reported a net loss of ¥670.9 billion ($4.5 billion) for the fiscal year ending March.
US tariffs on imported cars and auto parts are expected to impact Nissan.
Nissan is exploring partnerships with Renault, Mitsubishi, and potentially Honda.
- Who
- Nissan Motor Co.
- What
- Will close seven factories and cut 20,000 jobs due to financial losses.
- When
- The measures were announced after the fiscal year ending in March.
- Where
- Details on which factories will close were not given.
- Why
- To address financial losses and improve the business.
Impact of Trade Policies
Impact of Trade Policies
Trade Policy Impact
Impact of Trade Policies
Tariffs from US President Donald Trump’s trade policies are impacting the global auto sector, with some manufacturers expecting hits to the bottom line.
Impact of Trade Policies
Companies may struggle due to tariffs on imported cars and auto parts.
- Net Loss
- ¥670.9 billion ($4.5 billion)
- Job Cuts
- 20,000
- Factories Closing
- 7
- Target Year for Closures
- 2027
- Cost Cutting Goal
- ¥500 billion
- Renault Stake in Nissan
- 36%
- Nissan's Year-to-Date Decline in Shares
- 26%