Tag: Production

Nissan to cut 20,000 jobs and shut down plants after posting historic losses

Following a net annual loss of $4.5 billion, Nissan has announced its most significant restructuring in decades. The company will shut down seven factories, reduce production capacity, and lay off 20,000 employees worldwide as it scrambles to recover from its worst crisis since the late 1990s. Japanese automaker Nissan Motor Co. reported a net loss […]