With Nissan’s profit dropping by 98.5% to just 1.6 million yen, the automaker has decided to take the axe to global workforce and its model range.
Nissan says it will cut its global workforce by 12,500 people, although it hasn’t said where the cuts will come.
It will also eliminate 10% of model range by the end of fiscal year 2022 to concentrate “investment on global core models and strategic regional models.”
Sales were down generally, with big falls in Europe and Asia.
