Six months after disclosing the trimming of 9,000 workers, Nissan exceeds doubling the amount and cutting 20,000 jobs within the next two years.
In Announcement On Tuesday, Nissan promoted a recovery plan called “Ray: Nissan”, which aims to save the company 500 billion yen ($ 3.4 billion). Cost savings will be partly felt through pruning affecting 15% of Nissan 133,580-Power global workforceOr about 20,000 workers, to be effective by 2027.
Nissan stated that job cuts would affect roles in partitions such as manufacturing, research and development, marketing and administration, although it is not clear that accurate roles and locations will be affected.
To save the cost under the automaker recovery plan, we are planning to close seven of its 17 vehicle production plants by 2027. In America, Nissan currently works 21,000 people And operates Three manufacturing plants.
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The company announced its most recent as “Ray: Nissan” scheme financial result For the financial year 2024 (ending 12 months in March) on Tuesday, a net loss of 670.9 billion yen ($ 4.5 billion). The automaker saw a decline of 88% in its operating profit from 2023, killing 69.8 billion yen ($ 472 million) in 2024.
“As you can see, our whole year financial results are a wake-up call,” 46-year-old Nissan CEO Ivan Espinosa said during a press conference on Tuesday, per, per, per, per, per, per, Roots“The reality is very clear. Our variable costs are increasing. Our fixed cost is higher than our current revenue.”
Ivan Aspinosa, CEO of Nissan. Richard A. Photo by Brooks / AFP
Nissan has recently faced weak sales. Company’s global vehicle sales Total In 3.35 million 2024, a decline in 2023 from 3.37 million. In America, Nissan vehicles sales reached 924,008 units in 2024, a slight increase of 2.8% from last year, but over 30 Since 2019.
The automaker is also reeling with a failed partnership. Nissan said in December that it was interacting with Honda on a possible merger, but the conversation Got out After less than two months, Honda proposed to convert Nissan into a subsidiary and Nissan rejected the possibility.
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Aspinosa now frames the financial year 2025 as “one year of infection” towards profitability. Nissan is getting profitable by the financial year 2026.
Aspinosa said at the press conference, “Nissan should prioritize self-reform with greater urgency and speed, target for profitability with low dependence on volume,” Aspinosa said at the press conference. “This is what we are ready to do with our new recovery plan.”
Aspinosa recently entered the role of CEO after serving as Nissan. Chief plan officer For one year. He Replaced Makoto Uchida, 58, as CEO of Nissan on 1 April.
Nissan had a market cap $ 8.42 billion At the time of writing, below $ 38.87 billion in May 2018.
Six months after disclosing the trimming of 9,000 workers, Nissan exceeds doubling the amount and cutting 20,000 jobs within the next two years.
In Announcement On Tuesday, Nissan promoted a recovery plan called “Ray: Nissan”, which aims to save the company 500 billion yen ($ 3.4 billion). Cost savings will be partly felt through pruning affecting 15% of Nissan 133,580-Power global workforceOr about 20,000 workers, to be effective by 2027.
Nissan stated that job cuts would affect roles in partitions such as manufacturing, research and development, marketing and administration, although it is not clear that accurate roles and locations will be affected.
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