Carmaker slumps to £3.4bn loss after talks over Honda merger collapse and US and China sales fall
Nissan is to close seven factories with the loss of 20,000 jobs around the world, after a tumultuous year for the Japanese carmaker.
As it slims down production, Nissan will make a further 11,000 job cuts, after 9,000 job losses announced in November, collectively reducing its workforce by 15%. They will affect staff and contractor jobs across manufacturing, sales and administration, as well as research and development.
