Nissan cuts 20000 jobs, shuts 7 plants
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Nissan Motor Company (Nissan) has announced a sweeping restructuring plan in response to significant financial challenges. On Tuesday, the automaker revealed its intention to shutter seven global factories and lay off approximately 20,
Nissan Motor plans significant global job cuts, reducing its workforce by 15%, as it faces major financial losses. The Japanese carmaker anticipates a record net loss due to impairment charges for the financial year ending in March.