💨 Abstract

Nissan is implementing significant cost-cutting measures as part of its "Re:Nissan" plan to achieve profitability by 2026. This includes halting operations for certain new models, cutting 20,000 jobs worldwide, shutting down seven factories by 2027, and canceling plans for a battery plant in Japan. The company aims to reduce workforce costs by 20% and save 500 billion yen over two years.

Courtesy: www.thesun.co.uk