Nissan Motor Co., Ltd. (NSANY, Financial) has announced plans to reduce its global workforce by 9,000 employees as part of a strategic business restructuring. In addition to the job cuts, the company will also decrease its production capacity by 20% as it aims to streamline operations and improve efficiency.
As part of this restructuring effort, Nissan will sell back a 10.02% ownership stake in Mitsubishi Motors, reducing its shareholding from the current 34.07%. This move is aimed at reallocating resources and focusing on core business areas to strengthen Nissan's market position amidst challenging industry conditions.
