Nissan is facing significant challenges, with plans to cut 10,000 jobs in addition to 9,000 already announced, totaling nearly 20,000 jobs, or 15% of its workforce. Executives, including CEO Ivan Espinosa, acknowledge that while transition plans are underway, more difficult decisions loom. The company has suffered financial losses and is struggling to compete in the EV sector. Tariffs compound these issues. Espinosa maintains a flexible approach to partnerships for strategic advantages, signaling an ongoing dialogue with potential partners, such as Honda, despite past merger failures.
"Executives like Chief Performance Officer Guillaume Cartier and incoming CEO Ivan Espinosa told me that, while the beginning of the transition plan was in motion, there was more to come."
"Nissan will cut another 10,000 jobs, according to reports from Japan's public broadcaster, NHK."
"The plan is to still share some development programs in the hope of saving both firms money."
"The company lost money last year, and expects to lose money this year, too."
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