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Written by Tom Harrison
Trying times at Nissan the company has announced it is cutting a whopping 12,500 jobs and plans to reduce production capacity and the size of its line-up by 10 per cent each by the end of the 2022 financial year. The company employs around 139,000 people, about 8,000 of which are based in the UK. Nissan also announced a 94.5 per cent fall in net profits for the first quarter of 2019, and a 6 per cent fall in global sales. Chief executive Hiroto Saikawa said 6,400 of the 12,500 job cuts have already been made, and that cuts to the company"s model line-up would mainly affect less profitable models, such as "compact cars and its Datsun range". No surprises there the Nissan X-Trail ranks among the world"s best-selling SUVs, while the Qashqai is the fifth best-selling car in Britain so far this year.
Date written: 30 Jul 2019
More of this article on the Top gear website
ID: 16450
Trying times at Nissan the company has announced it is cutting a whopping 12,500 jobs and plans to reduce production capacity and the size of its line-up by 10 per cent each by the end of the 2022 financial year. The company employs around 139,000 people, about 8,000 of which are based in the UK. Nissan also announced a 94.5 per cent fall in net profits for the first quarter of 2019, and a 6 per cent fall in global sales. Chief executive Hiroto Saikawa said 6,400 of the 12,500 job cuts have already been made, and that cuts to the company"s model line-up would mainly affect less profitable models, such as "compact cars and its Datsun range". No surprises there the Nissan X-Trail ranks among the world"s best-selling SUVs, while the Qashqai is the fifth best-selling car in Britain so far this year.
Date written: 30 Jul 2019
More of this article on the Top gear website
ID: 16450
