Nissan, Japan car giants has announced its plans to cut more than 12,500 jobs in an attempt to revive its flourishing finances.
In 2019 Nissan announced a whopping 94% fall in revenues prompting them to reduce its production processes as well as do away with over 10% of its models.
Even though it is not known where the ax will fall, about 6,400 job cuts have already been initiated in some of its locations.
Between the year 2020 and 2022, extra 6,100 jobs will be cut off by the Japan car giants bringing the total to 12,500 jobs.
Last year Nissan ousted manager Carlos Ghosn who saw the company’s growth. Carlos Ghosn was accused of being involved in financial crimes.
Nissan plant in Sunderland which produces some of the company’s profitable car line faces challenges due to Brexit.
The Japanese car giants made it in the year that they will be doing away with the production of two of its infinity cars at Nissan Sunderland plant.