Furthermore, the company will reduce the size of its product lineup by at least 10% by the end of financial year 2022, in order to ‘improve product competitiveness by focusing investment on global core models and strategic regional models’.
The firm also announced a 94.5% fall in net income for the first quarter of 2019. Nissan continues to struggle in the US, a key market, where it has been heavily discounting to keep up with sales by rivals.
There is, so far, little comment from Unite, the union, in regards to the cuts.
