Nissan's Steep Workforce Reduction Amid Financial Struggles

Nissan Motor is preparing to make significant global job reductions, slashing over 10,000 positions, which will result in a total workforce reduction of approximately 20,000, or 15% of its employees, according to Japan's public broadcaster NHK.

The company is grappling with severe financial difficulties, having previously indicated a likely record net loss ranging from 700 billion yen to 750 billion yen for the financial year that concluded in March, impacted by impairment charges.

Nissan is set to release its full-year financial results shortly, yet it has chosen not to comment on the recent job-cut report.

(With inputs from agencies.)