Nissan Motor(US:NSANY) Zhong Guo Qi Che Bao Wang·2025-05-14 23:57Group 1 - Nissan plans to lay off 20,000 employees globally and close 7 factories as part of its "Re:Nissan" restructuring plan, with a projected net loss of 670.9 billion yen for the fiscal year 2024 [1][3][8] - The number of layoffs has increased from the previously announced 9,000, representing about 15% of Nissan's global workforce, and the restructuring will be completed by the fiscal year 2027 [3][5] - Nissan aims to reduce costs by 500 billion yen by the fiscal year 2026, with plans to cut fixed and variable costs equally [5][8] Group 2 - The company is facing significant challenges, including a sharp decline in profits and a net loss forecast that has increased to 700-750 billion yen due to asset impairment losses and restructuring costs [7][8] - Nissan's revenue for fiscal year 2024 is projected at 12.63 trillion yen, a slight decrease of 0.4% year-on-year, while operating profit is expected to plummet by 87.7% [8] - The company is struggling in key markets like North America and China, failing to capitalize on the growing demand for hybrid and electric vehicles [8][10] Group 3 - Nissan plans to enhance its presence in core markets, including the U.S., China, and Europe, by introducing more electric and hybrid models [10] - The company will also strengthen collaborations with Renault and Mitsubishi, and continue partnerships with Honda in smart and electric vehicle strategies [10] - The Japanese government is monitoring the impact of Nissan's restructuring on employment and the economy [10]