Part 5/8:
Management Restructuring and Workforce Reductions
As part of its restructuring efforts, Nissan intends to eliminate 20% of its top management positions starting in April. Alongside this, they plan to lay off 2,500 employees globally, an announcement that follows earlier commitments to let go of over 9,000 workers. This approach raises questions about the company’s commitment to its workforce and its ability to rebound.
Importantly, Nissan has not merely stopped production lines but is also shutting down entire factories. Significant operations are already under the knife in various countries, including the U.S., China, and Thailand, reflecting a broader retreat from once-thriving markets.