Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half
The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.
Nissan shares slump after it announces 9,000 job cuts and a plan to slash production
Like many global automakers, Nissan is struggling in China where BYD and other domestic rivals are winning market share with affordable electric vehicles and gasoline-electric hybrids equipped with advanced software. Nissan is also challenged in the US ...
Nissan CEO Who Cut His Monthly Pay in Half to Address 'Severe Situation' Will Still Make Millions This Year
Makoto Uchida, the CEO of Nissan, offered to take a 50 percent pay cut for himself, as his company's shares continued to plummet.
Nissan to Cut 9,000 Jobs and Slash CEO’s Pay Amid Struggles
Nissan Motor Co. plans to lay off 9,000 workers and reduce its global manufacturing capacity by 20 percent, according to Reuters. The Japanese automaker’s restructuring strategy is aimed at trimming $2.
Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'
Nissan President and CEO Makoto Uchida volunteered to immediately begin forfeiting half of his monthly compensation, and other executive committee members also volunteered to take pay cuts.
Nissan cuts 9,000 jobs, slashes CEO's pay amid struggling sales
The Japanese automaker is making deep cuts to navigate a steep decline in global sales, with layoffs, reduced production, and a renewed focus on EVs and hybrids.
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Nissan to lay off thousands of workers as sales drop
Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and ...