Nissan to cut domestic output by 78,000 from January
Nissan Motor Co Ltd said on Wednesday it will cut its domestic output for the business year to March by an additional 78,000 units, starting in January, in response to a continued decline in global car sales.
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.