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Alert! Major Car Maker Company to fire over 1,700 workers in India

Nissan Motor’s announcement on Thursday regarding slashing over 12,500 jobs globally over the next few years till FY 2020 will affect India too. It will be reducing the headcount in the country by over 1,700.

“Nissan is implementing strategic reforms in order to build an operational base that will ensure consistent and sustainable profitability over the medium term,” the company said in a statement post the results announcement, adding that it will reduce its global production capacity by 10 per cent by the end of the fiscal year 2022. The headcount reduction is in line with this move.

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