Nissan Unveils Global Re:Nissan Recovery Plan with 20,000 Job Cuts

Nissan Motor Co. has launched the Re:Nissan recovery strategy to restore profitability and operational efficiency by fiscal year 2026 following a $4.5 billion net loss in fiscal year 2024. The plan involves significant restructuring, including reducing global production plants from 17 to 10, cutting 20,000 jobs by 2028, and targeting JPY 500 billion ($3.25 billion) in cost savings through variable and fixed cost reductions. Nissan aims to streamline vehicle platforms by 70%, accelerate new model development to 30 months, and focus on core markets such as the U.S., Japan, China, Europe, the Middle East, and Mexico. The company is prioritizing large SUVs in the Middle East with regionally tailored products and exploring Chinese-built models for affordability. Despite recent challenges, Nissan reported a 3% sales increase in North America and maintains strong liquidity to support investments, including a capex of JPY 577 billion and R&D spending of JPY 620 billion. Upcoming launches like the Nissan Leaf SUV, Nissan Skyline, and INFINITI compact SUV are central to rejuvenating Nissan's product lineup and competitiveness.