Nissan to cut 20,000 jobs worldwide
Nissan today said it would cut 20,000 jobs worldwide amid plunging sales, making it the latest Japanese carmaker to resort to drastic measures in response to the financial crisis.
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.