Japanese automaker Nissan is taking a big ax to its workforce. Reuters reports that the company plans to make some steep cuts to its operation, including 9,000 jobs and 20 percent of its global manufacturing capacity.
The cuts won’t just affect workers on the assembly lines. The New York Times reports that Nissan Chief Executive Officer Makoto Uchida is taking a 50 percent pay cut from his monthly compensation.
Japan’s third-largest automaker has to cut $2.6 billion in costs this fiscal year. Nissan revised
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