Nissan to cut plants, workers as new CEO Ivan Espinosa fights to turn automaker around

Why is Microsoft cutting 3% of its workforce? How did the US-China tariff truce impact markets? Why did UnitedHealth Group's CEO suddenly resign? What caused Nissan's massive job cuts and losses? How will Trump's drug price executive order affect pharma? What are the effects of US tariff cuts on imports? Why is McDonald's planning a major US hiring spree? How did Coinbase's S&P 500 inclusion affect its stock? What is behind the surge in Saudi-US investment deals?

Nissan to cut plants, workers as new CEO Ivan Espinosa fights to turn automaker around

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Nissan Motor unveiled sweeping new cost cuts on Tuesday, saying it would eliminate 11,000 more jobs and scale back production, capping a tumultuous year that has left the Japanese automaker fighting to turn itself around.
Nissan, which held off on releasing estimates for the financial…

This story appeared on theglobeandmail.com, 2025-05-13 11:19:44.