Investing.com — Nissan (OTC:NSANY) Motor Co. is planning to fix its financial difficulties without shutting down any factories, Bloomberg reported on Monday, citing sources.
The company is focusing on reducing and consolidating its production lines in Japan and abroad as a cost-cutting measure, the report said.
There might also be reductions in employee work shifts, it said, adding that previously announced plans to cut 9,000 jobs globally and reduce production capacity by 20% are being carried out successfully.
Nissan is implementing measures to enhance its performance, including the establishment of a structure to secure sustainable profitability and cash generation.
This is in anticipation of an estimated annual sales volume of 3.5 million units by fiscal 2026, as stated by the company, according to the report.
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