Thread regarding Nissan layoffs

New Nissan restructuring measures on top of July plan

Japan’s second biggest carmaker is set to eliminate at least 4,300 white-collar jobs and shut two manufacturing sites as part of broader plans to add at least 480 billion yen ($4.4 billion) to its bottom line by 2023, mostly at head offices in the United States and Europe, and reducing advertising and marketing budgets:

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People familiar with the plans say the axe is likely to fall at Nissan’s North American head office in Tennessee and its European headquarters in Geneva, as they were bloated with high-spending sales and marketing staff.

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