Nissan cuts 20000 jobs, shuts 7 plants after $4.5 billion loss |...

Nissan cuts 20000 jobs, shuts 7 plants after $4.5 billion loss

Posted

128

Nissan Motor Corp. faces a significant downturn, reporting a 670.9 billion yen loss for the last fiscal year. In response, the automaker is implementing drastic measures, including slashing its global workforce by 15% (around 20,000 employees) and reducing its number of auto plants from 17 to 10. Falling sales in China and U.S.

Read Full Article

Please log in to like, share and comment!

National

Economic Digest: Nepal’s Business News in a Snap

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business...

By 0 27

Entertainment

Panchayat S4: Sanvikaa says innocence is not lost

‘Panchayat Season 4’ continues to captivate audiences with its evolving storyline....

By 0 37

National

Thunderstorms and heavy rain likely across several provinces

KATHMANDU: As monsoon activity picks up across Nepal, several provinces are likely to experience...

By 0 49

Sports

IND vs ENG: Historic Test Heroics! All the records Shubman Gill set at Edgbaston

Shubman Gill dominated the Edgbaston Test with exceptional batting, setting numerous records,...

By 0 52

International

At least 32 dead in Texas floods: 27 girls missing from summer camp; rescue ops under way

Devastating floods in Texas Hill Country have claimed at least 32 lives, including 14 children,...

By 0 54