Auto industry|The company’s operating profit collapsed in the financial year ended at the end of March.
Japanese Car manufacturer Nissan announced on Tuesday that it would reduce 20,000 jobs, which is 15 % of the company’s employees. In addition, the company will stop seven factories.
Nissan’s plight has aggravated the US President Donald Trump Started trade war. However, the company has been suffering for a long time that Chinese competitors have increased their market share.
Nissan In the financial year ended at the end of March, operating profit decreased by 88 percent to 69.8 billion yen, or EUR 422 million.
“Nissan must prioritize self -development faster,” said CEO Ivan espinosa According to Bloomberg news agency. The company has fallen from its Chinese competitors to develop electric cars.