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(Update) Nissan to Cut 9,000 Jobs Globally

(Update) Nissan to Cut 9,000 Jobs Globally

   Tokyo, Nov. 7 (Jiji Press)--Japan's Nissan Motor Co. said Thursday it will reduce its workforce by about 9,000 people worldwide and its global vehicle production capacity by 20 pct.
   The automaker aims to recover profitability through restructuring after its earnings deteriorated due chiefly to sluggish sales in its mainstay North American and Chinese markets.

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AFP-JIJI PRESS NEWS JOURNAL


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