WorldPosted at: May 13 2025 9:31PM

Nissan to shut plants, cut 20k jobs globally by FY 2027

Tokyo, May 13 (UNI) Japan's Nissan Motor Co. announced on Tuesday that it will consolidate or shut down seven of its manufacturing plants worldwide and reduce its global workforce by 20,000 employees by fiscal year 2027.
The company also said it would withhold its profit forecast for fiscal year ending March 2026, citing uncertainties stemming from U.S. tariff policies.
Nissan reported a net loss of 670.8 billion yen (about 4.54 billion U.S. dollars) for the fiscal year ending March 2025, marking its first annual loss in four years.
The downturn was driven by increased sales expenses in its key U.S. market, and impairment losses from revaluation of factory assets both in Japan and overseas.
To turn around its business, Nissan officially announced plans to cut an additional 11,000 jobs globally, bringing the total reduction to 20,000 employees, about 15 percent of the group's workforce by fiscal 2027.
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Tags: #Nissan to shut plants # cut 20k jobs globally by FY 2027

Nissan to shut plants, cut 20k jobs globally by FY 2027

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CHAPRA, MAY 13 (UNI):- RJD Leader of Opposition Tejashwi Yadav paying tribute to Martyr Mohhamad Imtiyaz, BSF Sub-Inspector, who was martyred in the line of duty, in District Jammu at Saran district, in Chapra on Tuesday. UNI PHOTO-119U

CHAPRA, AY 13 (UNI)- RJD Leader of Opposition Tejashwi Yadav consoling the family members of Martyr Mohhamad Imtiyaz, BSF Sub-Inspector, who was martyred in the line of duty, in District Jammu at Saran district, in Chapra on Tuesday. UNI PHOTO-118U

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PATNA, MAY 13 (UNI):- Bihar Deputy CM Samrat Chaudhary paying tribute to former BJP MP Sushil Kumar Modi on his death anniversary at Rabindra Bhawan, in Patna on Tuesday. UNI PHOTO-116U

CHAPRA, AY 13 (UNI)- RJD Leader of Opposition Tejashwi Yadav consoling the family members of Martyr Mohhamad Imtiyaz, BSF Sub-Inspector, who was martyred in the line of duty, in District Jammu at Saran district, in Chapra on Tuesday. UNI PHOTO-115U

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PATNA, MAY 13 (UNI):- Bihar Chief Minister Nitish Kumar paying tribute to former Bihar CM Sushil Kumar Modi on his death anniversary, in Patna on Tuesday. UNI PHOTO-108U

VARANASI, MAY 13 (UNI):- Varanasi Vayapar Mandal members taken out (Tiranga Yatra) and shouting slogans (Barat Mata Ki Jai) and Bhartiya (Sena Jindabad), in Varanasi on Tuesday. UNI PHOTO-107U

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PATNA, MAY 13 (UNI):- Players of Haryana (Red) and Rajasthan compete in the women's boxing event at the Khelo India Youth Games 2025, in Patna on Tuesday. UNI PHOTO-105U

PATNA, MAY 13 (UNI):- National Incharge of NSUI, Kanhaiya Kumar addresses a press conference at Congress state office, in Patna on Tuesday. UNI PHOTO-104U

CHAPRA, MAY 13 (UNI):- Bihar Chief Minister Nitish Kumar along with Deputy CM Samrat Chaudhary paying tribute to Martyr Mohhamad Imtiyaz, BSF Sub-Inspector, who was martyred in the line of duty, in District Jammu at Saran district, in Chapra on Tuesday. UNI PHOTO-103U

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