Group 1 - Nissan Motor's CEO Ivan Espinosa announced a comprehensive restructuring plan in April, which includes a reduction of approximately 15% of the workforce [1] - The company is currently negotiating with employee representatives regarding layoffs at its European regional office in Montigny-le-Bretonneux, which employs around 560 staff [1] - Nissan also plans to implement layoffs at its only European factory located in Sunderland, UK, as part of the recovery plan aimed at streamlining its European operations [1] Group 2 - These measures are intended to optimize the business structure and enhance overall operational efficiency to better respond to market challenges and achieve sustainable development [1]

Group 1 - Citigroup confirmed plans for a significant workforce reduction, specifically targeting its global technology and business support departments, with approximately 3,500 technical positions being cut in Shanghai and Dalian [1] - The adjustments are part of Citigroup's broader strategy to streamline operations, which includes simplifying organizational structures and reducing reliance on third-party personnel [1][2] - The layoffs are expected to be completed by the beginning of the fourth quarter of 2025 and are included in Citigroup's financial plan for that year [1][2] Group 2 - Citigroup's CFO indicated that the company plans to allocate $600 million for severance as part of ongoing cost-cutting measures [2] - Following the workforce reduction, Citigroup will also downsize its office space in Shanghai and Dalian, similar to previous actions taken in the U.S., Indonesia, the Philippines, and Poland [3] - The local entity, Citigroup China, will not be affected by these adjustments, ensuring that its operations remain intact [4]

Core Viewpoint - Sharp is selling its second factory at the Kameyama plant to its parent company, Hon Hai Precision Industry, in response to deteriorating profitability in the liquid crystal panel business due to increased production by Chinese companies and falling panel prices [1]. Group 1 - The Kameyama plant was previously known for producing televisions that enhanced the Sharp brand's visibility [1]. - The second factory's operating rate has decreased to about 80% of its original capacity as of June 2024 [1]. - Sharp aims to improve the profitability of its liquid crystal panel business by divesting from less profitable facilities [1]. Group 2 - The Kameyama plant currently focuses on producing small to medium-sized panels for smartphones, tablets, and personal computers [1]. - The decision to sell the second factory is part of Sharp's strategy to restructure its liquid crystal panel operations and enhance overall performance [1].