Nissan to cut 12,500 jobs in clear sign of exiting Ghosn's strategy

Nissan Motor Co. said Thursday it will cut 12,500 jobs in the next three years as the carmaker, struggling to recover from the arrest of former Chairman Carlos Ghosn, logged a record-low operating profit for the April-June quarter.The job cut, which represents around 10 percent of its global workforce, will be carried out at 14 loss-making plants, mainly abroad, by the end of March 2023. It marks an end to Ghosn's expansionist business strategy that the company says overstretched to meet numerical goals.The downsizing is "a major revision of the investments we have made in the past," Nissan…READ FULL ARTICLE