- Feb 9, 2009
REPORT: Nissan projects $2.9B loss, announces 20,000 job cuts
Nissan's planned cuts are markedly more aggressive than those employed by other Japanese automakers, suggesting that Japan's third-largest automaker is even more pessimistic about the potential for near-term economic gains. That appears to be particularly true in its domestic market, where the strong Yen and other factors have conspired to result in 12,000 of the planned job losses. Thanks for the tip, Karen!
[Source: Associated Press via ClockOnDetroit | Image: Akihiro I/Getty