Friday, June 5, 2020
Home Business News Companies Nissan announce plans to cut 12,500 jobs

Nissan announce plans to cut 12,500 jobs

- Advertisement -

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.

- Advertisement -

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.

Also read: Nissan boss Carlos Ghosn arrested over financial misconduct

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.

Slavian Mwangecho
Passionate blogger on a day to day activities happening in Kenya, Africa and around the world. A keen follower of the latest news making headlines around the world

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Washington Mayor renames street to Black Live Matter

A street in Washington has been renamed by the Mayor to Black Live Matter plaza in support of the ongoing protest witnessed...

Jadon Sancho fined for flaunting health guidelines

Dortmund's Jadon Sancho has been fined by DFL for falunting health guidelines issued to all Bundesliga clubs before the league was allowed...

COVID-19: Kenya discharges 51 patients, confirms 134 cases

Kenya has confirmed an additional 134 cases of COVID-19 following tests conducted on 3,117 samples collected by officials from the Ministry of...

Khaligraph Jones opens about being discriminated

The OG, Khaligraph Jones has opened up about being discriminated in Nairobi at a time when the world is calling for an...