Nissan considering more than 20,000 job cuts as Covid-19 hits sales: Report

The automaker warned last month it expects to post a loss for the latest fiscal year through March

Nissan Motor is planning to cut more than 20,000 jobs across the world, as the Japanese carmaker grapples with factories and showrooms that have been shut down due to the coronavirus pandemic, Kyodo News reported.

The outbreak is forcing Nissan to cut back on production, and restructuring measures in Japan are also being considered, the news agency reported. The job reductions are part of a mid-term reorganization plan that Nissan is due to unveil on May 28, the report said.

The reduction is much larger than