The workers at Nissan got tough news Tuesday – another 11,000 people will lose their jobs as the carmaker struggles with falling sales and rising costs. Add this to the 9,000 cuts from November, and we’re looking at 20,000 Nissan employees heading for the exit door by 2027. Why such drastic cuts? The money tells the story: Nissan lost a whopping $4.5 billion last year. That’s the kind of number that makes headlines in the auto industry. The company’s operating profit took an 88% nosedive to just 69.8 billion yen ($472 million). “Our full-year financial results are a wake-up call,” … Continue reading Nissan to Cut 20,000 Jobs, Shut 7 Plants After $4.5 Billion Loss and 88% Profit Crash