Nissan is going to cut more than 10,000 workplaces

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Nissan Motor Co Ltd plans to turn around its business by expanding job cuts to more than 10,000. The corporation’s profit keeps plunging, and Nissan tries to cope with management upheaval. The company’s global plan includes almost 5,000 job cuts and will implemented at the foreign factories with low utilization level. Nissan’s shares added 1% in price on the last trades. Analysts expect Nissan to report its worst quarter figures since the global economic crisis in 2008. The report will announce Nissan’s earnings in Q1. Experts suggest the reduction will be at least 64%. The job cuts will exceed 7% of company’s almost 140,000-strong workforce.

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