Nissan to axe 10,000 jobs globally as the car manufacturer struggles to boost profits

CAR manufacturer Nissan plans to cut more than 10,000 jobs around the world, with most of the cuts coming in Europe, according to reports.

The news is a blow for staff at Nissan’s Sunderland plant, which currently employs around 7,000 people and produces 2,000 cars a day.

Last April, Nissan cut hundreds of jobs at the plant due to a lack of demand for diesel cars.

Sources cited by Reuters said the company could announce the new job losses when it publishes its financial results tomorrow.

The move comes as the car maker struggles to boost its profits, and includes the 4,800 job cuts announced in May.

Nissan is suffering from falling sales in the US, one of its biggest overseas markets, following years of heavy discounts.

It has also been facing tensions with its French partner Renault, which owns 43 per cent of the Japanese manufacturer.

In May, Nissan forecast a 28 per cent fall in annual operating profits, adding to a 45 per fall in the previous year, putting the car maker on course for its weakest earnings in 11 years.

It has 130,000 staff members across the globe.

The Sun has contacted the car manufacturer for a comment.

More to follow…

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