Embattled Japanese carmaker Nissan plans to cut more than 10,000 jobs globally, Japanese media reported on Wednesday, citing company sources.
In May, the company had announced that it is cutting 4,800 jobs from its global workforce of around 139,000.
“Nissan [is] hit by weak sales of its cars in the U.S. market, and the Japanese automaker has projected it will nearly be halved in fiscal 2019,” according to Kyodo news agency.
Last year, former Chairman of Nissan Carlos Ghosn was arrested for corruption triggering internal restructuring and review of its relations with Renault SA -- its biggest shareholder.
The last balance sheet for January-March financial period of the company also showed loss in its annual profits, first time in last nine years. The latest earning figures of the company for the April to June period will be released on Thursday.
Based in Yokohama, south of Tokyo, the company is expected to announce the cuts on Thursday, which include voluntary retirement options.
The group is also reviewing the business policy of Ghosn who had formed a three-way alliance also involving Mitsubishi Motors Corporation.
“Some factories in South America and other regions where Nissan has low profitability are likely to be subject to the reduction plan, while it may try to streamline output in Japan,” according to Kyodo.