Nissan is officially in trouble as CEO Makoto Uchida warns of an "extremely tough situation" requiring drastic actions, including job cuts and production scaling.
In emergency recovery mode, Nissan will cut approximately 9,000 jobs and reduce operational capacity by 20%, allowing adjustments to line speed and improving efficiency.
Uchida stresses that job cuts are aimed at trimming production, not merely reducing workforce size, highlighting an imbalance crucial for adapting the company.
Nissan's contingency plan is part of an effort to navigate the challenging landscape of the auto industry, responding to significant operational and market pressures.
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