Auto giant Nissan confirms the Nikkei business daily story amid separate reports that it is also planning to slash more than 10,000 jobs worldwide.
NISSAN. This file photo shows a man walking in front of the logo of Japan's Nissan Motor Corporation at its global headquarters in Yokohama, Kanagawa prefecture. File photo by Kazuhiro Nogi/AFPconfirmed Wednesday, July 24, it will report a plunge in first quarter operating profit as media reported the struggling automaker plans to cut more than 10,000 jobs worldwide.
"While the financial results are still being reviewed, the operating profit reported in the Nikkei Shimbun article was broadly accurate," Nissan said in a press release, declining to offer details before the official earnings announcement. Nissan had already said it planned to trim 4,800 posts from its global workforce of around 139,000, but the further cuts reflect the firm's ongoing struggles.
Nissan is currently undergoing an overhaul intended to strengthen governance after the Ghosn scandal. Ghosn, who has been sacked from auto industry leadership roles, is awaiting trial in Japan on charges of under-reporting millions of dollars in salary and of using company funds for personal expenses.
The reforms are designed to put Nissan on a more stable footing after the shock caused by the arrest of Ghosn, considered one of the auto industry's most powerful executives.
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