Six months after showing 9,000 workers’ holidays, Nissan is more than doubling the amount and reducing 20,000 jobs over the next two years.
One in Announcement On Tuesday, Nissan promoted a plan to recover called “Re: Nissan”, which aims to save the company 500 billion yen (4 3.4 billion). Cost savings partially to be felt through 15 % of Nissan’s Nissan. 133,580 people’s global workforceOr by 2027 to enforce about 20,000 workers.
Nissan said that job deductions will affect the role of divisions such as manufacturing, research and development, marketing, and administration, although it is unclear who will affect the right roles and places.
Under the rehabilitation plan, the automated maker is planning to close seven of its 17’s vehicle production plants by 2027. In the US, Nissan currently employed about it 21,000 people And works Three Manufacturing plants.
Related: ‘Very Challenging’: Nissan appointed a new CEO between the company’s attempt to ‘survive’.
The “again: Nissan” project arrived when the company announced its recent announcement Financial results On Tuesday for the financial year 2024 (12 months ended in March), a net loss of 670.9 billion yen ($ 4.5 billion). The automacker saw a decline of 88 % in its operating profit from 2023, targeting 69.8 billion yen ($ 472 million) in 2024.
“As you can see, our entire year’s financial results are a weekend call,” said Ivan Aspinosa, 46, CEO of Nissan, during a press conference on Tuesday. Reuters. “The truth is very clear. Our variable costs are increasing. Our fixed costs are higher than our current tax.”
Nissan’s CEO Ivan Aspinosa. Richard A. Brooks / AFP photo
Nissan has also faced weak sales recently. The company’s global vehicles sales Tomorrow 3.35 million in 2024, a reduction from 3.37 million in 2023. Sales of nissan cars in the US Drunked 924,008 units in 2024, a slight increase of 2.8 % over the previous year, but More than 30 % From 2019.
The car maker is also arguing with a failed partnership. Nissan said in December that it was in talks with Honda on a potential integration, but talks fizzled Less than two months, when Honda proposed to transform Nissan into a subsidiary and Nissan dismissed the possibility.
Related: Should the CEOs be cut in salary to avoid a reduction in jobs and jobs? Experts say it is complicated
Aspinosa now frames fiscal year 2025 as a “one year of transition”. Nissan wants to be profitable by fiscal year 2026.
“Nissan will have to give priority to self -improvement at maximum urgency and pace, which aims to profit with low dependence on volume,” Espinosa said at a press conference. “This is what we are ready to do with our new recovery plan.”
Aspinosa has recently stepped into the role of the CEO after serving as Nissan Chief Planning Officer For a year. They Reverse On April 1, 58 -year -old Macoto Achada as the CEO of Nissan.
Nissan had a market cap .4 8.42 billion At the time of writing, less than $ 38.87 billion in May 2018.
Six months after showing 9,000 workers’ holidays, Nissan is more than doubling the amount and reducing 20,000 jobs over the next two years.
One in Announcement On Tuesday, Nissan promoted a plan to recover called “Re: Nissan”, which aims to save the company 500 billion yen (4 3.4 billion). Cost savings partially to be felt through 15 % of Nissan’s Nissan. 133,580 people’s global workforceOr by 2027 to enforce about 20,000 workers.
Nissan said that job deductions will affect the role of divisions such as manufacturing, research and development, marketing, and administration, although it is unclear who will affect the right roles and places.
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