Nissan to cut 20,000 jobs as carmaker reports €4 billion annual net loss
Business
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From the show
Things are going from bad to worse for Nissan. Struggling with weak sales and an ageing lineup, the Japanese carmaker has announced a sweeping restructuring plan, aiming to save €3 billion in costs. It plans to cut 15 percent of its global workforce and close seven of its 17 plants worldwide. Plus, Samsung has released its latest model of Galaxy S that is less than 6mm thick. The Korean tech firm accelerated its release schedule as Donald Trump's tariffs were threatening to impact consumer spending.
