Nissan to cut 20,000 jobs
Nissan announced that it will cut 20,000 jobs, the deepest reduction among Japan's automakers in battling the global downturn, as it forecast its first annual loss in nine years.
Nissan is slashing 20,000 jobs, or 8.5 percent of its global work force, to cope with what Japan's third-largest automaker expects will be its first full year loss in nine years.