Nissan expands the reduction of jobs to 20,000 worldwide, amid financial problems, related to tariffs

Japanese auto maker Nissan The planned job discounts increased by 11,000 as part of the R-Nissan recovery plan.

The company is now planning to reduce a total of 20,000 jobs by 2027.

The company described the fiscal year (fiscal year) 2024 as a “difficult” period and noted that “the high costs, which are doubled by an unconfirmed environment” forced to think about more discounts. Nissan aims to save approximately $ 3.4 billion (500 billion yen) compared to the fiscal year 2024 through the “Re -Nissan” program, according to a press statement. This does not only include functional cuts, but also reduces the number of Nissan plants from 17 to 10 by the fiscal year 2027.

President Trump is working on larger business deals

Nissan initially announced in November 2024 that it would provide 9,000 world -class jobs. In addition, the president and CEO of Nissan at the time volunteered to start immediately losing half of his monthly compensation, and other members of the Executive Committee also volunteered to take wage cuts. Oshida stepped down in April 2025 after the proposed merger between Nissan and Honda fell.

In the fiscal year 2024, Nissan told 3.346 million units that were sold worldwide, and saw a net loss of more than $ 4.5 billion (670.9 billion yen). The auto company has also seen declines in sales worldwide, including in China, where the company plans to focus on EVS as part of the recovery program.

The CEO says that the best auto industry company can move some production from Mexico amid Trump’s tariff talks.

The company’s view of the fiscal year 2025 is still mysterious because it is looking to alleviate the effect of the president Donald Trumptariff. Currently, the company said it “determines the priorities of the products created in the United States, improving the local capacity and re -customizing the exposed production of the tariff.”

“Given the uncertainty related to () Customs tariff environmentNissan wrote on its website: “The guidelines of operating profit, net income and car -free flow of cars for the fiscal year are determined.”

Get Fox Business on the Go by clicking here

Japanese Prime Minister Shigro Ishiba, who met Trump in Washington, DC, told February, a TV program in Fuji on Sunday that he intends to fight to eliminate American definitions, According to Reuters. According to Ishiba, Ishiba said that “commercial discussions have gradually met” with the United States and that the country’s relationship with Trump is “amazingly good.”