Nissan to slash 20,000 Jobs
http://www.msnbc.msn.com/id/29093864/
Nissan, one of the worlds top automotive makers, today announced that they would be cutting 20,000 jobs worldwide in another global recession cutback. The cut would remove about 8.5% of its workforce. While the majority of the cuts will affect Japan, some are expected to reach the US.
Meanwhile Japans two other top car makers Honda and Toyota are struggling as well. Both are expected to post losses for the first quarter of 2009, Toyota expecting its worst quarter ever.
This is another clear blow to the automotive industry and significantly hurts US companies because many US companies produce pieces that are put into Nissan automobiles.
Nissan, one of the worlds top automotive makers, today announced that they would be cutting 20,000 jobs worldwide in another global recession cutback. The cut would remove about 8.5% of its workforce. While the majority of the cuts will affect Japan, some are expected to reach the US.
Meanwhile Japans two other top car makers Honda and Toyota are struggling as well. Both are expected to post losses for the first quarter of 2009, Toyota expecting its worst quarter ever.
This is another clear blow to the automotive industry and significantly hurts US companies because many US companies produce pieces that are put into Nissan automobiles.
posted by Zachary Kenitzer at 10:16 AM
1 Comments:
It looks like the auto makers are in bad shape world-wide.
Post a Comment
<< Home