From Yahoo Finance: 2025-05-28 04:49:00

Nissan offers buyouts to U.S. workers, suspends merit-based wage increases globally to cut costs amid weak performance. CEO announces closing sites, cutting 11,000 more jobs, totaling 20,000. Limited strategic actions crucial for Nissan’s comeback, says Americas Chairman. U.S. workforce reduction counters Trump’s job creation goal. Operating profit margin worsens in North America despite increased sales. Analysts blame former exec Ghosn’s focus on output. Nissan pays $4.5 million in compensation to former CEO and execs. Production sites closure plans undisclosed. Consolidates pick-up truck production, sells stake in Indian business, closes Thai plant. Considers raising 1 trillion yen from debt and asset sales, syndicated loan guaranteed by UK government.

Read more: Nissan offers buyouts to US workers, halts global pay rises, internal emails show