Nissan likely to cut over 23K jobs globally by 2023

Japanese car manufacturing company, Nissan, has announced that, they will possibly cut down more than 23,000 jobs globally between 2022-2023.

Following the 10% reduction in production, the company is doing well to put measures in place and restructure things in eight sites and continue it later in six other places.

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“In terms of human resources, we have already cut 6,400 jobs as part of Nissan’s efforts to reduce costs. And, by pushing our efforts further, we will eventually adjust or eliminate a total of 12,500 jobs”, Chief Executive, Hiroto Saikawa said.

Nissan dropped in sales by 6% between April 2019 and June 2019 compared to the past years where there were massive sales in Japan, Europe and US.

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“It is true that this figure, which represents the April-June quarterly profit, is below our expectations. But we think this is a figure that we can certainly recover in the next quarter or half year’‘, Saikawa added.

However, Nissan are putting in all their efforts to restore the growth and progress of the company so as to please their customers and employees. The fall is partly the fault of the company’s Former Chairman, Carlos Ghosn, who was arrested in November, 2018. 

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