(Update 2) Nissan to Shut 7 Plants, Shed 20,000 Jobs on Huge Loss
Yokohama, May 13 (Jiji Press)--Nissan Motor Co. said Tuesday that it will close seven vehicle plants and reduce its group workforce by 20,000 people in Japan and abroad by fiscal 2027.
Nissan announced additional restructuring measures as it reported a consolidated net loss of 670.8 billion yen for fiscal 2024 through March this year, almost reaching its record red ink of 684.3 billion yen marked in fiscal 1999. In fiscal 2023, Nissan earned a net profit of 426.6 billion yen.
(2025/05/13-21:45)
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BUSINESS
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