
Core Viewpoint - Nissan is undergoing significant restructuring due to poor performance, which includes closing domestic factories and laying off approximately 20,000 employees globally, representing 15% of its workforce [1][2]. Group 1: Factory Closures and Production Capacity - Nissan plans to close some of its five factories in Japan to address overcapacity and reduce costs, with specific factories to be determined later [1]. - The total production capacity of Nissan's Japanese factories exceeds 1 million units, but the utilization rate is only 56.7% in 2024, significantly below the breakeven point of 80% [1][2]. Group 2: Workforce Reduction - The company has increased its global workforce reduction plan from 9,000 to approximately 20,000 employees due to ongoing poor performance [2]. - The layoffs are part of a broader strategy to rebuild operations, particularly in North America and China, where sales have been weak [2]. Group 3: Financial Performance and Losses - Nissan anticipates a potential loss of up to 750 billion yen for the fiscal year ending March 2025, prompting a reassessment of asset values and a significant impairment charge exceeding 500 billion yen [3]. - The company has also decided to cut growth investments, including abandoning plans for a battery plant in Kitakyushu, prioritizing cash preservation instead [3].