Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Latest NewsManufacturingExecutive payJob creation and lossesLabour market

Nissan slashes 9,000 jobs globally and halves CEO’s pay

by Kavitha Sivasubramaniam 7 Nov 2024
by Kavitha Sivasubramaniam 7 Nov 2024 Shutterstock / Jonathan Weiss
Shutterstock / Jonathan Weiss

Nissan is to slash 9,000 jobs globally while its chief executive has taken a 50% pay cut in a bid to curb its losses.

The Japanese car maker, which has a UK factory in Sunderland, announced it would be reducing its worldwide workforce – which currently totals around 133,000 employees – by almost 7%.

Meanwhile, from this month, chief executive Makoto Uchida has voluntarily halved his monthly pay and executive committee members will also take a pay cut as the company revealed profits had plunged in the three months to the end of September.

The business lost 9bn yen (around £45m) in the quarter and has now cut its profit forecast for the year by 70%.

Nissan employment

Nissan expansion to create 1,650 new jobs

Nissan to furlough 800 Sunderland staff

Nissan Sunderland plant to protect up to 70,000 jobs

The firm said that “facing a severe situation, Nissan is taking urgent measures to turn around its performance and create a leaner, more resilient business capable of swiftly adapting to changes in the market”.

It blamed the losses on “higher selling expenses and inventory optimisation efforts, particularly in the US”.

In an effort to save £2bn, Nissan will reduce production by 20% and is also selling up to 10% of Mitsubishi Motors to boost its funds.

It will also not pay shareholder dividends as it aims to establish “a leaner, more resilient business capable of swiftly adapting to changes in the market”.

Uchida said: “These turnaround measures do not imply that the company is shrinking. Nissan will restructure its business to become leaner and more resilient, while also reorganising management to respond quickly and flexibly to changes in the business environment.”

The business employs 6,000 workers in the UK, but has not yet revealed if these employees will be affected.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

OptOut
This field is for validation purposes and should be left unchanged.

 

HR roles in the travel and transport on Personnel Today


Browse more HR roles in the travel and transport sector

Kavitha Sivasubramaniam

Kavitha Sivasubramaniam is an experienced journalist, editor and communications professional who has been working in B2B publishing for more than 17 years. After graduating from Bournemouth University with a degree in Multi Media Journalism, Kavitha started her career in local and regional newspapers, before moving to consumer magazines and later trade titles, as well as PR. Specialising in pay and reward, she has been editor of a number of HR publications including Pay & Benefits, Employee Benefits, Benefits Expert, Reward and CIPP’s membership magazine, Professional. In June 2024, she won Pay, Reward and Employee Benefits Journalist of the Year at the Willis Towers Watson media awards. She was also named one of Each Person’s top 20 influential HR bloggers and managed a highly commended content team of the year in 2019.

previous post
Consultants in Scotland accept 10.5% pay rise
next post
Asda to slash 475 jobs and curb hybrid working

You may also like

Amazon invests £40bn in UK creating thousands of...

24 Jun 2025

Aldi to hire for 1,000 new supermarket roles

23 Jun 2025

UK job market shows signs of resilience

20 Jun 2025

Allianz to cut 650 jobs in the UK

19 Jun 2025

Poundland closures mean over 1,000 jobs at risk

18 Jun 2025

Third of firms plan more job cuts after...

17 Jun 2025

Hiring confidence drops due to ‘reset’ in market

10 Jun 2025

Procter & Gamble to cut 7,000 jobs as...

6 Jun 2025

Submarine programme to support thousands of jobs

2 Jun 2025

Glass half full – or empty? Contrasting takes...

2 Jun 2025

  • Empowering working parents and productivity during the summer holidays SPONSORED | Businesses play a...Read more
  • AI is here. Your workforce should be ready. SPONSORED | From content creation...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+