Nissan is down

Nissan, Japan's second largest car manufacturer, is planning to lay off more than 10,000 people globally to make its business more efficient and uplifting.

Nissan has already announced a 4,800 lay-off in May, which primarily affected its sub-national subsidiaries with lower efficiency, and is part of a planned layoff of more than 10,000.

5d3a3ca691c9b.jpg

In May, the Japanese firm said its operating profit for the year would shrink by 28 percent after falling 45 percent last year.

Carlos Ghosnt, president of the Japanese automaker, who was replaced last November, was responsible for the extremely poor results last year.

In May, Naikan CEO Saikava Hiroto said most of the problems stemmed from the "negative legacy of previous management", including over-investing and artificially inflating sales.

Carlos Ghosn led the Japanese car factory for nearly two decades, until last autumn he was arrested in Japan for financial misconduct.

(Source: vadess.hu / Photo: pixabay.com)

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