Nissan plans to cut costs through large-scale layoffs and capacity cuts

To cope with declining profits and market pressure, Nissan plans to cut approximately 15% of its global workforce, reduce global production capacity by nearly 30% to 2.5 million vehicles, and reduce the number of manufacturing bases from 17 to 10. Furthermore, Nissan plans to reduce part complexity by 70%, restructure its supply chain, reduce the number of platforms from 13 to 7, and shorten vehicle development cycles.