Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help tur...
) plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead for an automaker grappling with management upheaval.
The global plan includes the 4,800 job cuts announced in May and will mostly be at factories overseas with low utilization rates, the person said. It will be announced along with financial results on Thursday, said the person, who declined to be identified as the information was still private.
In May, Nissan forecast a 28% plunge in annual operating profit, adding to a 45% fall in the previous year, putting the automaker on course for its weakest earnings in 11 years.
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