Nissan more than doubles layoffs to around 20,000 | CNN Business

Image for article Nissan more than doubles layoffs to around 20,000 | CNN Business
News Source : CNN

News Summary

  • Nissan says it will eliminate 11,000 more jobs and scale back production
  • The new layoffs will bring Nissan’s total workforce reduction to around 20,000 jobs
  • Nissan has been badly damaged by weakening sales in the United States and China
  • It is also being squeezed by US tariffs and threatened by fast-rising Chinese electric vehicle makers
Nissan unveiled sweeping new cost cuts Tuesday, saying it would eliminate 11,000 more jobs and scale back production, capping a tumultuous year that has left the Japanese automaker fighting to turn i [+1654 chars]

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