In an increasingly difficult car market, the one that stands out today is the colossal Nissan debacle, struggling to recover from a crisis. The Japanese automotive giant has announced that it has recorded a annual net loss of 671 billion yen (4,1 billion euros) in the 2024-2025 financial year, largely due to the costs of a painful restructuring, but also to the collapse of sales in key markets such as China and the United States, and the impact of tariffs imposed by US President Donald Trump.
The group also has not published any forecasts for the 2025-2026 fiscal year, which is characterized by significant uncertainty regarding U.S. customs duties.
Nissan Cuts 20 Jobs, Closes 7 Plants
And the bad news doesn't end here: the Yokohama car manufacturer has announced its intention to close seven of its 17 plants production by fiscal year 2027, as part of a broad restructuring plan aimed at reviving the group's fortunes.
The press rumors that were circulating in the last few days have also been confirmed: Nissan to cut 20.000 jobs over the same period, or 15% of its global workforce, a figure revised significantly upwards from the 9.000 cuts announced last November.
The goal is to cut costs by 1,7 billion
“We must take decisive and bold actions to improve performance and make the company leaner and more resilient,” the company wrote in a statement. The goal is to cut costs for 250 billion yen (about 1,7 billion dollars) by the end of the next fiscal year, increasing operating efficiency and profitability. Chief Financial Officer Jeremie Papin also explained that the group has a “sufficient liquidity” to face the transition, admitting however that “it will take time and internal cohesion to reverse the trend”.
In this context, it should also be remembered that in the last year the stock has lost approximately 40% of its value, while rating agencies have downgraded Nissan's debt to "junk".
