After a tough fiscal year, on May 13, Japanese giant Nissan unveiled ReNissan, a plan for total cost savings of 500 billion $3.38 billion compared with fiscal year FY 2024.
The plan includes a reduction of 20,000 employees between fiscal years 2024 and 2027, which includes a previously announced reduction of 9,000 staff. The redundancies will include global direct and indirect roles, and contractual roles in manufacturing, selling, general and administrative SGA and research and development RD functions.
In FY 2024, ending March 31, 2025, global sales remained at 3.346 million units impacted by intensified sales competition. Nissan’s consolidated net revenue was 12.6...
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