NISSAN LAYOFFsNissan has announced that it will cut 20000 jobs worldwide. Japanese auto giant Nissa employees around 235000 people around the globe and the current massive job layoff amounts to about 8.5% reduction in its total workforce. The job cuts would be made between March 2009 to March 2010, the report said. Nissan has also expressed intentions to talk to the unions to reduce working hours. The above job cut is in addition to the 1,200 job layoffs already announced by Nissan in January in its UK plant in Sunderland.
Nissan is the third biggest Japanese auto maker after Toyota and Honda, and although several global auto giants have announced layoffs, Nissan's job layoff is the biggest job cut by any Japanese automaker so far.
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