Jump to content
Sgcarmart Trusted Brand Showcase - Jack Cars at Katong i12 from 22 to 28 Apr 2024 ×

Nissan will be asking more than 10,000 employees to leave

Nissan will be asking more than 10,000 employees to leave

chitchatboy

Entry posted by chitchatboy ·

880 views

Nissan might be asking more than 10,000 employees to leave. This comes after the company projects its profit to fall further for 2019.

 

As reported by Kyodo News, sources from the company told the new agency that the news of the job cuts will come when it releases its April-June earnings figures as nett profits hit a nine-year low going into March.

 

Jobs which will be cut are expected to mostly come from factories in regions with low utilisation rates and through early retirement options. Nissan only planned to axe around 4,800 employees back in May but the numbers has grown by quite a bit since then. If the numbers turn out true, he move will see the company reducing its overall global workforce by around 7%

 

The report also suggested that it may also streamline output in its domestic market as Nissan saw its global vehicle sales fall 4.4% to 5.52 million units in fiscal 2018. The company reckons things will be worse as sales is projected to be nearly halved for the 2019 financial year.


2 Comments

Recommended Comments

TangSL

Nissan is saved from bankrupt by Renault many years ago with poor product designs Nothing new.

Link to comment
Jamesc

Jamesc 215,587

(edited)

TOKYO -- Nissan was embroiled in another scandal over executive pay on Thursday after CEO Hiroto Saikawa admitted to being overpaid in violation of internal procedures under a scheme designed by ousted Chairman Carlos Ghosn, a source said.

The improper payments, including tens of millions of yen Saikawa received through a stock appreciation rights (SAR) scheme, were disclosed on Wednesday at a meeting of Nissan's audit committee, said the source who declined to be identified because the information is not public.

 

Cut the staff and top management get over paid.

Now all claim they didn't know they were overpaid.

😀

I blame Najib - now his excuse he got millions extra in his bank account and he didn't know it shouldn't be there is copied by so many people.

Edited by Jamesc
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Is 'tiny living' really irrelevant in Singapore?

    I discussed the possibility of living in tiny houses in Singapore in an earlier blog post. But as we know, it isn't an option to begin with – no thanks, of course, to our lack of land space.  Someone also pointed out that the idea of tiny houses is "romanticised" – which, I don't deny (but hey, that's why it's a dream). While it's clear tiny houses aren't going to work out here, the concept of 'tiny living' is; not just physically but also mentally. Anyone who has lived enough years lo
    dailydoseofcoffee

    dailydoseofcoffee

    3
×
×
  • Create New...