Follow Us
© 2026 Arizent. All rights reserved.
Nissan’s struggles to cope with tougher car industry conditions and address internal weaknesses have spiraled, leaving the automaker no choice but to slash payroll, production and its forecasts for this fiscal year.
The Japanese company will dismiss 9,000 workers and cut a fifth of its manufacturing capacity after net income plummeted 94% in the first half. Nissan also will sell off some of its stake in Mitsubishi after burning through ¥448.3 billion ($2.9 billion) in cash the last six months.
For reprint and licensing requests for this article, click here.
Layoffs of delivery drivers and package handlers will be accompanied by facility closures and other methods of cost-cutting.
Almost 32,000 workers have already been let go since the start of the new year.
UPS plans to cut 12,000 management jobs to save the company $1 billion this year.
The company said the layoffs were necessary to improve efficiency, after over-hiring during the pandemic.
The previous cuts were already considered the largest round of firings in the company's history.
