Struggling Nissan to cut 10,000 more jobs

TDT | Tokyo

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Struggling Nissan to cut 10,000 more jobs Tokyo, Japan Nissan plans to cut 10,000 more jobs worldwide, Japanese media reported on Monday, a day before the struggling carmaker was expected to report a record annual loss of around $5 billion.

Public broadcaster NHK said the decision, in addition to a November announcement that it would slash 9,000 positions, means Nissan is now aiming to reduce its total workforce by approximately 15%.

Nissan, whose mooted merger with Honda collapsed earlier this year, declined to comment on the reports which also appeared in the Nikkei business daily.