Nissan is taking drastic action to stay afloat, announcing plans to cut 20,000 jobs globally as part of its sweeping ...

STORY: Japan’s struggling Nissan has started offering buyouts to U.S. workers and suspended merit-based global pay rises.

Nissan is cutting back production at its U.S. vehicle factories and offering employees voluntary buyouts. Nissan's new chief steers workers back to the office Nissan, Honda take merger talks ...

Nissan saw its profit almost wiped out in the financial year just ended. Operating profit totaled 69.8 billion yen ($472 million) in the 12 months to March, a decline of 88% from the previous year.

It offered buyouts to Canton workers after launching a job-cut plan in November and has now followed that up with another round. Analysts attributed Nissan's troubles to factors including an ...