Nissan Downsizes & Delays Supplier Payments Amid Cash Shortage

Key Takeaways NSANY is cutting 20,000 jobs and delaying supplier payments to address a cash shortage. Nissan offered flexible payment terms to select EU/U.K. suppliers to ease April-June cash flow. The Sunderland plant will reduce headcount as it preps for new EV production under Re:Nissan recovery plan.Nissan Motor Co., Ltd. (NSANY) is facing a cash shortage, delaying payments to suppliers and implementing major global cost-cutting measures. In May, the company unveiled a recovery strategy that includes ...