Nissan set to cut 12,500 jobs as profits plunge

Nissan LEAF

Japanese car manufacturer Nissan has announced that it will cut 12500 jobs across many of its plants and facilities across the world.

Nissan has not said where the cuts will exactly take place in its manufacturing chain, however, they will be having a 10% reduction in the number of cars that it makes by the end of 2022.

The announcement comes as the company is trying to counter slides in sales.

Nissan has a large plant in Sunderland, and it has yet to be announced if it will be affected by the cuts.

This is the second time the company has announced large job cuts. Back in May this year, Nissan stated that it would be cutting 4,800 jobs across the world. That total has been included in the updated 12,500 total.