<ul><li>Nissan plans to cut 20,000 jobs globally as part of its restructuring plan to address financial crisis.</li><li>The company has started offering buyouts to U.S. workers, suspended merit-based pay raises, and aims for significant cost reduction.</li><li>Nissan will close seven production facilities globally, consolidate pickup truck production, and reduce worker costs by 20%.</li><li>Additionally, Nissan plans to sell its Yokohama headquarters and streamline vehicle platforms to ensure survival amidst uncertainty for employees.</li></ul>

Nissan to Slash 20,000 Jobs Globally—Here’s What U.S. Workers Can Expect

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