The automaker also said it would "consolidate its vehicle production plants from 17 to 10 by fiscal year 2027."

Nissan reveals plans to eliminate 11,000 positions and close 7 factories worldwide as the struggling automaker confronts plummeting sales in China and US market

Japanese carmaker Nissan has said it will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales. Falling sales in China and heavy discounting in the US, its two biggest markets, have taken a heavy toll on earnings, while a proposed merger with Honda and Mitsubishi collapsed in February.