Skip to: Content
Skip to: Site Navigation
Skip to: Search
TUESDAY, NOVEMBER 24, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


2

Nissan Slashing 20,000 Jobs

First Japanese automaker to move production from Japan and soaring yen

Share

(Newser) – Nissan will cut 20,000 jobs worldwide by next year and move production from Japan and its soaring yen, reports the Wall Street Journal. Reeling from a massive $900 million loss last quarter, Nissan also announced it will slash management, seek public assistance and suspend its 5% annual growth goal until 2012.

Japanese car makers have enjoyed growth in the US market as Detroit declined, but now they're suffering, too.
Japanese car makers have enjoyed growth in the US market as Detroit declined, but now they're suffering, too.   (AP Photo/David Zalubowski, file)
Nissan's CEO, celebrated for saving Nissan from the brink of collapse, faces increased pressure as the company downsizes.
Nissan's CEO, celebrated for saving Nissan from the brink of collapse, faces increased pressure as the company downsizes.   (AP Photo/Hassan Ammar/file)
Nissan plans to slash 20,000 jobs worldwide. Half of them are in Japan.
Nissan plans to slash 20,000 jobs worldwide. Half of them are in Japan.   (AP Photo/Katsumi Kasahara)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
2 comments
VIEWING:
 
bacimom
Feb 9, 09 9:04 AM CST
Oh well let us await The Cracker Confederacy of America's obstructionist senators proclamation that they and their right to work states aren't to be bothered by the rest of the country and their job problesm. Reply
Vote up! Vote down!
0
Shannonals
Feb 12, 09 4:00 PM CST
Worldwide, the economy is hurting everyone Reply
Vote up! Vote down!
0
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

123 Stories

 Nissan Leaf Wins Name Game 

Not dirty, sexy, or violent, brand is 'a minor miracle'

Oct 30, 09 5:40 PM CDT
(Newser) - Nissan already had its work cut out in designing a hybrid—whatever it made had to measure up to Toyota’s hugely successful Prius. Then it needed a name, which came at the end of a process blending business, culture, and the law. Possibilities must be cleared in hundreds of... More »

MORE ABOUT:
Japan • Toyota • Nissan • Mazda • Toyota Prius • Prius • auto industry • hybrid car • vehicle • automobile • auto imports • Leaf • Nissan Leaf • Daihatsu

(Newser) - The "cash for clunkers" program might be a boon for car dealers, but for American automakers the news isn't so good—four of the five top-selling cars in the program are Japanese. While the Ford Focus is the No. 1 seller, Toyota and Honda occupy the next four spots.... More »

MORE ABOUT:
Toyota • Honda • Ford • auto industry • car dealers • Ford Focus • Japanese auto industry • Cash for Clunkers

 US Automakers See 
 Sales Increase in May  

Ford, GM have best month of 2009

Jun 2, 09 4:46 PM CDT
(Newser) - Some actual good news for the auto industry: All three US automakers saw sales of new cars jump from April to May, reports the New York Times. Granted, sales are still way down compared to last year, but the month-to-month leap offers a glimmer of hope among the bankruptcy headlines.... More »

MORE ABOUT:
Chrysler • Toyota • General Motors • Detroit • Honda • Nissan • Ford • auto industry • auto sales

123 Stories


Japanese shares plummet
Associated Press

Nissan annual loss may exceed $1B
MarketWatch

'Things could get worse'
Bloomberg


Business  •  World 
TwitterFollow @NewserBusiness on Twitter

 
layoffs • Nissan • auto industry • Japanese auto industry • financial crisis

from our news partners