Japanese automotive giant Nissan Motor Co. released its financial results for fiscal year 2024 (April 2024 to March 2025) on May 13, revealing a net loss of ¥670.8 billion. The figures underscore the intense pressure the company faces amid its business transformation and structural reforms.
Layoffs Expanded to 20,000 Employees — 15% of Global Workforce
In response to declining performance and excess production capacity, Nissan announced a major expansion of its restructuring plan. Including the previously announced 9,000 layoffs from November 2023, the company now plans to lay off a total of 20,000 employees worldwide by the end of fiscal year 2027 (March 2028), accounting for roughly 15% of its total workforce.
The downsizing will affect both domestic operations in Japan and overseas sites, signaling Nissan’s intent to undergo one of the largest organizational overhauls in its history to improve cost efficiency.
Global Plants to Be Reduced from 17 to 10 — Production Overhaul Accelerates
Alongside workforce reduction, Nissan also announced it will cut its number of global manufacturing plants. From the current 17 facilities worldwide, the company plans to reduce the number to 10 by the end of FY2027, closing seven plants as part of its global production realignment.
This move aims to tackle persistent underutilization and overcapacity issues, while reallocating resources to strategic regions and electric vehicle (EV)-related production lines, demonstrating Nissan’s commitment to speeding up its transformation and restoring competitiveness.
