Nissan to cut 9,000 jobs as profits plunge 93%

Japanese carmaker Nissan says it will cut 9,000 jobs globally, after net profit in the April to September period plunged 93.5% year on year. The company has struggled with weak EV sales in China and has missed the hybrid boom in the US.  But first, Germany's "traffic lights" coalition has collapsed over differences on economic policy.  At the heart of the political feud is the country's "debt brake" system.  Now enshrined in the constitution, it forces balanced budgets. 

Nov 7, 2024 - 17:00
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Nissan to cut 9,000 jobs as profits plunge 93%
Japanese carmaker Nissan says it will cut 9,000 jobs globally, after net profit in the April to September period plunged 93.5% year on year. The company has struggled with weak EV sales in China and has missed the hybrid boom in the US.  But first, Germany's "traffic lights" coalition has collapsed over differences on economic policy.  At the heart of the political feud is the country's "debt brake" system.  Now enshrined in the constitution, it forces balanced budgets. 
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