'Do or die': Nissan to lay off thousands, close plants in $4.4 billion plan
 

Filed under: Earnings/Financials,Plants/Manufacturing,Nissan
Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said. The moves come on top of a turnaround plan unveiled in July and are likely to include cutting Nissan's range of cars and the array of product options and trims in each line, slashing jobs mostly at head offices in the United States and Europe, and reducing advertising aContinue reading 'Do or die': Nissan to lay off thousands, close plants in $4.4 billion plan
'Do or die': Nissan to lay off thousands, close plants in $4.4 billion plan originally appeared on Autoblog on Tue, 28 Jan 2020 20:47:00 EST. Please see our terms for use of feeds.


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