Nissan Motor Company will eliminate 9 thousand jobs and reduce the monthly salary of the general director by 50%. Voice of America reports this*.
The company announced that it will take immediate steps to change its business model following a decline in consolidated net income and global sales in the first half of fiscal 2024.
It should be noted that between April and September, Nissan’s operating profit fell 90 percent, to 32.9 billion yen ($214 million).
The company’s plan to achieve “healthy growth,” Nissan said in a news release, includes cutting fixed costs by 300 billion yen (more than $1.9 billion) and variable costs by 100 billion. million yen ($649 million).
“To achieve this goal, the company will reduce global production capacity by 20% and its global workforce by 9,000 people, or about 6% of its more than 133,000 employees,” GA writes.
And the general director of the company. Makoto Uchida He offered to reduce his salary by 50%. According to Fox Business, Uchida’s total compensation package is $4.28 million annually.
*An organization that performs the functions of a foreign agent.
