Nissan joins global car retrenchment with 9,000 job cuts
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Nissan is cutting 9,000 jobs globally and has reduced its annual operating profit forecast significantly. The company is also slashing its dividend as part of efforts to create a leaner business.
November 07, 2024 | 2:15 pm
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Nissan is cutting 9,000 jobs globally, reducing its annual operating profit forecast from Y500bn to Y150bn, and slashing its dividend to streamline operations.
The announcement of job cuts, a significant reduction in profit forecast, and a dividend cut are likely to negatively impact investor sentiment and the stock price in the short term. These actions indicate financial challenges and a strategic shift towards cost reduction.
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