- Japanese car maker Nissan Motor Co. said it is axing 12,500 jobs and warned a quick turnaround in its performance was not imminent after reporting its quarterly profit was nearly wiped out.
- 2 automaker even as it tries to recover from a financial misconduct scandal surrounding ousted Chairman Carlos Ghosn.
- Nissan’s operating profit in the April-June quarter compared with the ¥109.14 billion made in the year-ago period and missed the ¥39.52 billion average of eight analyst estimates compiled by Refinitiv.
More sources
- Nissan to slash 9% of workforce as Q1 profit nearly wiped out (Reuters: Jul 25, 2019 at 8:16 AM)