Around the world, Japan's leading carmaker Nissan plans to lay off 10,000 positions. According to Japanese media reports, the company has taken a decision to get out of trouble and improve the economic situation. Earlier in May this year, the company announced a cut of 4,800 positions from and from the company.
For your information, Nissan's net profit in the last fiscal year had reached a decade's low due to a fall in sales. The company, on the other hand, has talked about difficult business for the next 12 months. While the company will release first-quarter financial results on Thursday, a Nissan spokesperson said it declined to comment on reports of layoffs before the financial results were released.
Nissan is facing difficulties, noting that Nissan has been compounded by a decline in sales of the company's vehicles in the US and Europe, the sudden arrest of former chief Carlos Ghosn and the tension with French partner Renault.
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