Nissan Is Slashing 9,000 Jobs After A Dire Financial Performance

Nissan is cutting 9,000 jobs globally to reduce costs.Benjamin Zhang/Business InsiderNissan is cutting 9,000 jobs globally to reduce costs, the company said Thursday.Sales fell to 1.6 million units due to higher costs, especially in the US.Nissan will cut production capacity by 20% and executives will take pay cuts.Nissan is cutting 9,000 jobs globally in an effort to cut costs, the Japanese automobile giant said in an earnings statement on Thursday.Nissan said that sales volumes decreased year-on-year to 1.6 million cars, hurt by higher selling and production costs, particularly from the US.

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