New Delhi: The Japanese automaker Nissan Motor Co. is apparently considering selling its Yokohama headquarters and is getting ready to lay off 20,000 workers worldwide, according to a thorough research by Nikkei Asia.
The drastic cost-cutting measure is a component of a larger restructuring plan that aims to manage the company’s skyrocketing operational expenses, streamline development processes, and lessen its heavy debt load.
Nikkei Asia stated that the sale’s proceeds would be used to pay for the costs of closing seven manufacturing facilities and implementing its extensive layoffs. The Japanese factories of Oppama and Shonan are among the establishments that are being targeted for closure.
Nissan’s leadership is calling for immediate action, even though the carmaker has not yet issued a full-year earnings estimate, citing the continuous nature of its internal transformation and the lingering uncertainties surrounding global trade. In the face of growing expenses, a changing global car industry, and intensifying competition, the corporation believes stabilising operations and guaranteeing long-term sustainable growth are priority concerns.
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