Corrected: Nissan plans to cut over 10,000 jobs globally - Kyodo

(Reuters) - (Corrects to clarify cuts include 4,800 jobs announced earlier) Nissan Motor Co Ltd is planning to cut more than 10,000 jobs globally as part of efforts to turn around its business, Kyodo News reported on Tuesday, citing company sources.

Reuters July 24, 2019 07:05:52 IST
Corrected: Nissan plans to cut over 10,000 jobs globally - Kyodo

Corrected Nissan plans to cut over 10000 jobs globally  Kyodo

(Reuters) - (Corrects to clarify cuts include 4,800 jobs announced earlier)

Nissan Motor Co Ltd <7201.T> is planning to cut more than 10,000 jobs globally as part of efforts to turn around its business, Kyodo News reported on Tuesday, citing company sources.

The reduction of the automaker's workforce, including early retirement options, is expected to be announced on Thursday, Kyodo https://english.kyodonews.net/news/2019/07/c7a1bfc8f602-update1-nissan-to-cut-over-10000-jobs-globally-sources.html said.

Nissan's planned job cuts include the 4,800 global jobs it had announced earlier, Kyodo said.

Nissan said it had no comment on the report.

(Reporting by Rishika Chatterjee in Bengaluru, Naomi Tajitsu in Tokyo; Editing by Jaqueline Wong)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Cryptocurrency prices tumble and exchange trading falters as snags crop up
News &amp; Analysis

Cryptocurrency prices tumble and exchange trading falters as snags crop up

NEW YORK (Reuters) -The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender. Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.

Ford poaches Apple's car project chief Doug Field
News &amp; Analysis

Ford poaches Apple's car project chief Doug Field

By Joseph White and Sanjana Shivdas (Reuters) -The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.