Nissan's CEO Makoto Uchida is taking a 50% pay cut as the automaker faces losses and is cutting 9,000 jobs, about 6% of its workforce.
Uchida emphasized the importance of restructuring Nissan's business for resilience, stating, 'Nissan will restructure its business to become leaner and more resilient.'
Despite the dire situation, Uchida's salary cut aligns with prior trends of CEOs acting to support staff during downturns, mirroring similar responses from leaders like Eric Yuan.
The company’s production capacity will be reduced by 20% globally, as Nissan adjusts to poor sales performance in the U.S. market.
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