Nissan Cuts 9,000 Jobs, Slashes CEO's Pay in Half
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Nissan is cutting 9,000 jobs and reducing manufacturing capacity due to challenging industry conditions and internal weaknesses. The CEO's pay will be halved as a result of the company's poor performance.
November 08, 2024 | 2:00 am
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Nissan is reducing its workforce by 9,000 and cutting manufacturing capacity due to industry challenges and internal issues. The CEO's pay is also being halved.
The job cuts and reduction in manufacturing capacity indicate significant operational challenges for Nissan, likely leading to negative investor sentiment. The halving of the CEO's pay further underscores the company's poor performance, suggesting potential short-term stock price decline.
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