Nissan to cut over 10,000 jobs globally: sources

Nissan Motor Co. plans to cut more than 10,000 jobs globally as part of efforts to turn around its business, company sources said Tuesday.The number, which represents around 10 percent of its global workforce, is much bigger than an earlier estimate. In May the Japanese carmaker said it would cut 4,800 jobs.Nissan's group net profit hit a nine-year low in the year through March, 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.Also, since the arrest in November of its former Chairman Carlos Ghosn over alleged …READ FULL ARTICLE