<ul><li>Nissan is planning to cut nearly 20,000 jobs globally as part of its efforts to regain financial stability.</li><li>The job cuts will affect around 15% of Nissan's total workforce and come after substantial losses and intense competition in markets like China.</li><li>The company's struggles have been exacerbated by its decline in market share in China and its slow development of electric models compared to Chinese manufacturers.</li><li>Nissan is expected to report significant losses for the 2024-25 financial year, with projections reaching between ¥700bn and ¥750bn.</li></ul>

Nissan set to cut nearly 20,000 jobs globally

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