Nissan cuts annual profit forecast, cuts 9,000 jobs worldwide

Nissan Motor announced on November 7 that due to global market challenges, the company will lower its annual profit forecast and lay off 9,000 employees worldwide (6.7% of the total). In addition, Nissan also plans to reduce the production capacity of its 25 production lines by about 20%, and take measures to reduce sales, general and administrative expenses, reduce costs, and optimize the asset portfolio.