After Huge 2024 Losses, Nissan Plans Mass Layoffs

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Nabilah Muhamad 15/05/2025 17:40 WIB

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Japanese automaker Nissan reported a net loss of 670.89 billion yen in 2024. The company plans to lay off 20,000 workers this year.

Nissan Revenue and Profit/Loss (2020-2024)

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Nissan Revenue and Profit/Loss (2020-2024)

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Japanese automaker Nissan Motor reported a net loss attributable to owners of the parent entity of JPY 670.9 billion, or approximately Rp76.10 trillion (assuming Rp113.43 per yen), in 2024.

This represents Nissan's largest loss in the past five years, as shown in the graph.

Following this loss, Nissan plans to lay off approximately 20,000 employees to reduce its cost burden.

"Our annual financial results are a wake-up call. The reality is stark. Our variable costs are rising. Our fixed costs are higher than our current revenue can support," said Nissan CEO Espinosa, as reported by Reuters on Tuesday, May 13, 2025.

Nissan also plans to close seven of its plants by 2027 and cut its production target by 20%.

According to Reuters, the automaker's financial condition has been hit by weakening sales in the United States and China, followed by the failure of its merger attempt with Honda earlier this year.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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After Huge 2024 Losses, Nissan Plans Mass Layoffs

After Huge 2024 Losses, Nissan Plans Mass Layoffs

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After Huge 2024 Losses, Nissan Plans Mass Layoffs

After Huge 2024 Losses, Nissan Plans Mass Layoffs

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