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Nissan posts $4.5 billion annual net loss, says to cut 20,000 jobs
Nissan posts $4.5 billion annual net loss, says to cut 20,000 jobs
Economy
by  AFP

Japan's Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs. The company's shares closed three percent higher on Tuesday after reports, later confirmed by Nissan, said it was planning a total of 20,000 job cuts worldwide.