Nissan will cut 12,500 jobs after profit plunges 99%

(Keith Bedford/Bloomberg)

July 25, 2019 09:01 AM

YOKOHAMA, Japan – Nissan CEO Hiroto Saikawa will cut 12,500 jobs worldwide as part of new plan to revive the automaker after reporting a 99 percent plunge in operating profit in the latest quarter on falling sales in every major market except China.

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