The last year has been a difficult one for Nissan and Motoring Weekly has written about the arrest of its CEO, Carlos Ghosn, who also controlled Renault and Mitsubishi in an alliance. Nissan were always unhappy that they were the money-makers whilst Renault (and through their ownership, the French Government) controlled all decisions. Speculation was rife that Ghosn was removed to enable Nissan to have a bigger say in the group. After Ghosn was removed, separate managers were installed at each of the three partners and a new oversight structure was put into place. However in May, Nissan announced nearly 5,000 jobs would go and then in July, they posted a 95% drop in net profits for the 1st Quarter and to rebalance the business they announced a further 7,000 jobs would go. 6,400 have already been eliminated and the rest will go over the next three years at various locations. As part of the restructuring, several models will get discontinued and production capacity wound back. … [Read More...]
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