Declining sales in China and steep discounts in the US, the company’s two biggest markets, have had a significant impact on earnings. Additionally, a proposed merger with Honda and Mitsubishi fell through in February.
With the most recent reductions, the corporation has now laid off almost 20,000 employees, or 15% of its staff, in the last 12 months.
The location of the layoffs and whether Nissan’s Sunderland factory would be impacted were not immediately apparent.
The government stated that it would “engage closely” with Nissan over its restructuring plans and that the facility was of “vital importance” to the northeast region of England.
Nissan has over 133,500 employees worldwide, including roughly 6,000 in Sunderland.
