Nissan cuts 9,000 jobs and sells stake in Mitsubishi

Nissan has announced plans to cut 9,000 employees, reduce production capacity and sell some Mitsubishi shares to save $3 billion.

Nov 19, 2024 - 11:59
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Nissan cuts 9,000 jobs and sells stake in Mitsubishi
Photo taken from public sources

Nissan has announced the reduction of 9,000 jobs in the face of declining sales. The company intends to reduce production capacity and sell part of Mitsubishi shares, which will save $ 3 billion. Despite the crisis, the automaker continues to work on new models, although their release may be delayed due to economic difficulties. Audi is also using a similar strategy, which is also facing financial problems. The cuts are aimed at optimizing costs and maintaining competitiveness in an unstable market.

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