Photo: REUTERS file

Nissan aims to cut over 20,000 jobs worldwide as part of restructuring


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due to slumping sales amid the novel coronavirus pandemic

Few years ago Nissan said it's all because Ghosn now because pandemic, next year they'll give a new excuse.

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Nissan/Tesla Joint venture.

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Nissan said in July that it would cut 12,500 jobs at 14 production bases globally by March 2023 as part of a restructuring, marking a departure from Nissan's aggressive, expansive strategy under Ghosn, who was known as le costcutter...err....

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They could start with the overpaid suits at the Yokohama Global HQ, some of their most ineffective 'staff'; and try to integrate Renault and Mitsubishi properly into their business planning and operations.

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try to integrate Renault and Mitsubishi properly into their business planning and operations.

Duh, Renault owns Nissan, not the other way around.

Renault tried to merge with Nissan and Nissan's Japanese executives opposed, and this is why they plotted and staged that coup against Ghosn.

Now that the "Le Cost Killer" has fled Japan, cost is ballooning at Nissan again and on its path to bankruptcy once more.

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With Ghosen gone, Nissan may be missing him. Nissan has very honest top management and I am sure they will do the right thing. Nissan is good people. Love them all.

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Nissan’s are overpriced!

Of course, people won’t buy them!

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This has nothing to do with the corona virus, it is clear Nissan's problems started long before the the virus, to be exact they started at around the same time Ghosn was arrested and the old guard Japanese executives took back control. perhaps Ghosn was telling the truth and he was set up by these guys that didn't like the Renault deal and opposed the next step of more international consolidation. With all the vilification of Ghosn in the Japanese media I am guessing at this point Nissan employees wouldn't mind having him back.

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NNissan was already in trouble before corona virus hit, now they have found a convenient excuse. Before corona virus, it was all Ghosn's fault. So when corona virus goes away, who will they attribute their incompetence to? They should cut at least 2,000 jobs among the dark suit wearing management at the Global HQ in MM21 Yokohama. That's where they need to start from.

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Renault owns Nissan"

No, they don't.

They're the majority shareholders with about 43.4% of the voting rights.

Majority Shareholders (SH, as taught), don't necessarily control the Board of Directors. Control of the Board is necessary to pass Resolutions and elect the Chairman, plus deciding on the casting vote if there's a deadlock, or debarred by the Articles of Association.

This is going to take long and I don;'t have time .

BLP (Businees Law & Practice) for the uninitiated is recommended).

Wiki won't help you, me thinks,

To sum up: they don't own the company, as you're constantly reminding everyone here.

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Sorry, but when I look at Nissan cars - I dont seen anything of interest. Ghosn may have helped them out of a rut, but when they focused more upon the infighting rather than the business that they were in, then they lost the lead. Nissan clearly needs a Japanese version of Steve Jobs in order to Survive... and from those Japanese "Wanabies" ... I've not seen anything that comes close to the mark - all still Old School.

Corvid-19 may lead to an opportunity of change... but change needs to start at an early age.

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@ Samit BasuMay

try to integrate Renault and Mitsubishi properly into their business planning and operations.

Nissan in Yokohama run the operations in Japan, as well as China for the 'Alliance', and try (!) to take care of Mitsubishi; the three companies business operations are very poorly consolidated, even after more than 20 years. Monolithic Japanese bank mergers did better than that.

Staff waste time and resources trying to fix problems between the three Alliance members, while the 'Suits' pretend all is OK.

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