Nissan to cut 20,000 jobs

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Japanese auto group Nissan Motor plans to cut more than 20,000 jobs worldwide due to the negative impact of the corona crisis. That reported news agency Kyodo News. Due to the crisis, car sales fell sharply and factories had to be closed.

It was previously reported that Nissan was about to take steps to counteract the slump in the auto industry, with billions in annual cost savings. In addition, the company would like to delete its subsidiary Datsun, as well as a production line in Indonesia. Nissan will also save on marketing and research, insiders previously reported.

Nissan would like to release the reorganization plans at the end of this month. Nissan has nearly 140,000 employees worldwide.

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