Nissan to cut 9000 jobs globally after sinking to loss

Japanese car making company Nissan has announced huge cuts in its workforce. The company is going to show the exit to thousands of employees. This decision has been taken due to the losses being incurred by the company. This layoff will be done from the global workforce. The company is talking about reducing global production capacity by 20 percent. Let us know from which departments there are indications of layoff of employees.

Nissan is going to lay off 9000 employees from its workforce. The company has announced that it will do this layoff at the global level. reuters According to the report, car manufacturing companies all over the world are facing struggle. Also, companies are not completely successful in meeting the demand in the main markets. Apart from this, car makers around the world are facing tough competition from Chinese companies. Especially in manufacturing electric vehicles, Chinese companies are continuously giving tough competition to other global companies.

Nissan has a workforce of 1 lakh 30 thousand employees. The layoff of about 10 thousand people is likely to have a negative impact on the strength of this workforce. However, the UK factory is said to be untouched by this layoff. The company has suffered a huge loss in the last quarter. According to the report, Nissan has suffered a loss of 9 billion yen. At the same time, during the same period last year, the company had made a profit of 191 billion yen.

The company says that his condition is critical at this time. It is facing high sales and factory costs. Especially in the US, dealers have a lot of such cars on hand which may force the company to offer heavy discounts. Nissan said it wants to reach a point where it can be profitable if it sells 3.5 million cars a year. But till March the company sold only 3.4 million cars.