Nissan Layoffs to Top 20,000 Over the Next Year

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Nissan Layoffs to Top 20,000 Over the Next Year
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With the original forecast being a $1.76 billion profit, Nissan CEO Carlos Ghosn has just announced that the company will actually see a loss for the past fiscal year – to the tune of $2.91 billion. Ghosn cited Nissan’s problems as being three-fold: the current credit crisis, the worldwide recession and the strengthening yen. To… Continue Reading...