TOKYO, Japan: Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US.
The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth.
Nissan did not immediately respond to a request from BBC News for details on where the job cuts will be made.
The company employs more than 6,000 people at its manufacturing plant in Sunderland, North East England.
The company also cut its operating profit forecasts for 2024 by 70%. It was the second time this year that the firm has lowered its outlook.
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“Nissan will restructure its business to become leaner and more resilient.”
The company said Mr Uchida’s monthly salary is being cut by half and that other senior executives will also take pay cuts.
Nissan’s shares were trading more than 6% lower on Friday morning in Tokyo.
