Nissan to slash 20,000 jobs

Monday 09th February, 03:34 PM JST

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6 Comments

some14some at 11:19 PM JST - 9th February

It's a new trend, "Status Symbol" before it was profits now it is layoffs
seesaw at 11:40 PM JST - 9th February

20,000 jobs slashed! I hope they'll get the appropriate compensation.
shouganaika at 11:46 PM JST - 9th February

Directors on the board will forego bonus pay for the year ending March. Their salaries, as well as the salaries of corporate officers, will be reduced by 10%, while managers’ salaries will be reduced by 5%, the company said.

they should take a much bigger paycut and reduce the number of layoffs. time for greed again in a few more years time, for now don't take more than you need.
yabits at 02:24 AM JST - 10th February

Oh, that recession.
rajakumar at 07:22 AM JST - 10th February

Global economy/US economy has been making profits from fake scam toxic assets worth 1000s of billions.

Nissan and many other will need to change as US economy tries to fix its scams of toxic/troubled assets via Troubled assets relief projects with 100s of billion dollars of tax payer Govt loans.

AIG,GM,Citibank ,Freddie,Fannie,Lehman and many others have caused billions to be removed in globalised market capitalisations leading to global slowdown.

The slowdown needed to happen as world was running on assets value which was toxic,scams or fake.

World global companies now need to weather to new market conditions now,which is cautious slowdown due to scams of toxic assets making many companies lose their share values.

Global companies have reinvent themselves to make money after being hit by global toxic asset scams. Many nations stock markets also have reduced to 50 percent or less in market capitalisations.

Every corporation will go up together slowly as as market capitalisations starts it gradual slow rise from the falls.

Cost of things should get lower because global currency circulations is only now gradually increasing by 2-5 percent stability rises.

This new global markets market, have now different lower values, after adjustment to global capitalisation woes of fake assets and market capitalisation falls.
unscrejects at 04:14 PM JST - 11th February

Under normal circumstances one would ask Nissan to show us the money. This is stock price manipulation!