 "Nissan's net profit fell to a near-decade low last year and it has already warned of “a difficult business environment” for the next 12 months Photo: Bloomberg")
Japanese automajor Nissan has decided to cut its production amid a slowdown in the car sales and decline in profit, in a move that could result in over 12,000 job losses globally, including 1,700 in India.
During a media conference in Japan on Thursday, Nissan said that it is implementing strategic reforms to build an operational base in order to ensure consistent and sustainable profitability over the medium term.
"The company is moving quickly to optimise cost structures and manufacturing operations, while also enhancing brand value, steadily refreshing its line-up and achieving consistent growth globally, including in the US," the
