Nissan plans 9,000 job cuts, slashes annual profit outlook

Nissan Motor announced a $2.6 billion cost saving plan on Thursday, including 9,000 job cuts and a 20% reduction in global production capacity as it battles falling sales in China and the United States. Japan’s third-largest automaker also cut its annual operating profit forecast by 70% to 150 billion yen ($975 million), its second downward […]

Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half

the new york times - 19:24

The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

times of india - 10:00

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

washingtontimes.com - 11:52

Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese...

Nissan to slash global workforce, cut production by 20%, as profits plunge

dailynews.co.za - 11:07

Nissan is set to cut its global production capacity by 20% and reduce its workforce by 9,000 staff members in a bid to mitigate its current downturn...

Nissan cuts 9,000 jobs and halves CEO’s pay as profits slump

the irish times - 09:58

Carmaker to slash global production capacity by a fifth in emergency turnaround plan

Japanese car giant announces mass layoffs

rt.com - 15:00

Nissan has said it will axe its global workforce by 9,000 people and reduce production capacity amid sliding sales Read Full Article at RT.com

Samsung’s semiconductor business is in trouble 13:33

socialbites.ca - 31/Oct 10:54

Although Samsung Electronics increased its operating profit to $6.66 billion in the third quarter, its semiconductor segment saw a 40% drop in profit,...