Nissan axing 9,000 jobs, CEO cuts his own pay as US sales slump
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Nissan is cutting 9,000 jobs and its CEO is reducing his own pay due to a slump in US sales. This highlights the company's ongoing struggles since the 2018 ouster of former chairman Carlos Ghosn.
November 07, 2024 | 5:30 pm
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Nissan is cutting 9,000 jobs and its CEO is reducing his own pay due to a slump in US sales, indicating ongoing struggles since Carlos Ghosn's ouster.
The job cuts and CEO pay reduction are direct responses to declining US sales, which are critical for Nissan's financial health. This news is likely to negatively impact investor sentiment and the stock price in the short term.
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