Nissan Is Cutting 9,000 Jobs—And Slashing Its CEO's Pay in Half
Japanese automaker Nissan reported a loss on Thursday for the fiscal quarter, leading the company to announce it is cutting 9,000 people, around 6% of its workforce. Nissan models did not sell well in the U.
Struggling Nissan to Cut 9000 Jobs, Sell Back One-Third of Mitsubishi Shares
A lack of hybrid options in the U.S., among other issues, is hurting the brand.
Nissan Shares Fall Further on Weak Outlook, Plans to Cut Jobs
Nissan Motor Co. shares extended their losses Monday after moves to cut thousands of jobs and slash production capacity cast doubt on Chief Executive Officer Makoto Uchida’s plans to turn around the carmaker.
Nissan restructures: 9,000 jobs at risk in survival bid
CEO Makoto Uchida announced the company's restructuring plan, a move that involved difficult and painful decisions. The automotive industry is facing the threat of a severe crisis. Nissan is another brand facing tough times.
Nissan cuts 9,000 jobs and 20% of production capacity
Nissan's share price has indeed fallen sharply on the Tokyo Stock Exchange, losing JPY 369 (-36.00, or -8.90%) in the last five days since the announcement of the reduction.
Nissan Cutting Thousands Of Jobs And Mitsubishi Shares
It’s dark times at Nissan as the automaker announces it will be cutting 9,000 jobs and how much of a stake it has in Mitsubishi. That’s not a positive sign for the Japanese company, which supplies quite a few rental vehicles here in the US,
Nissan's bold overhaul: Job cuts, sales for financial survival
CEO Makoto Uchida announced the company's restructuring plan, which involved tough and painful decisions. The automotive industry is facing potential serious challenges. Another company, whose representatives are speaking very frankly,
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Nissan to lay off 9,000 as CEO Uchida unveils survival plan
CEO Makoto Uchida announced the company's restructuring plan, which involved making difficult and painful decisions. The ...
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Activist hitches long ride on Nissan’s turnaround
It’s a risky bet that CEO Makoto Uchida can pull off a tricky manoeuvre in a tight spot. Effissimo’s stake highlights how ...
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Nissan's CEO Is So Desperate To Save The Company That He's Taking Half Wages
With profits disappearing, Nissan is embarking on a plan to transform the company by slashing costs and making cars people ...
What's Nissan's plan to stay in the game after 9,000 layoffs and CEO pay cut?
The Japanese automaker is making deep cuts to navigate a steep decline in global sales, with layoffs, reduced production, and ...
Major automaker cuts 9,000 jobs, slashes CEO salary in half amid financial struggles
The automaker announced its costs-saving strategy would decrease its global production by 20%, resulting in the mass layoff, ...
Nissan CEO Voluntarily Takes 50% Pay Cut As Automaker Announces Layoffs For 9,000 Workers
Nissan's CEO has announced he will slash his own salary in half as the company embarks on a major restructuring plan that ...
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Nissan Shares Tumble After Cutting 9,000 Jobs and Halving CEO Pay
The calamitous results will prove costly for Chief Executive Officer Makoto Uchida, who’s forfeiting half his compensation starting this month. The CEO told investors Nissan has been affected “not ...
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Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Chief Executive Makoto Uchida said he was taking a 50% pay cut to take responsibility for the dismal results, while promising that a turnaround was coming. Nissan Motor Corp. announced a global ...
Nissan Motor Shares Jump After Activist Investor Builds Stake
Nissan Motor shares jumped their most in a decade and a half after an activist investor took a stake in the Japanese carmaker ...