Tokyo, May 13, 2025 (AFP) - Nissan shares surge 5.5% after job cut reports

NAMPA / AFP

2025-05-13

Nissan shares surged as much as 5.5 percent in early trade on Tuesday after reports said the struggling Japanese carmaker plans to cut 10,000 more jobs in a bid to revive its business. The heavily indebted company, one of the top 10 automakers by unit sales, is expected to log a record annual loss of around $5 billion later in the day. Nissan, whose mooted merger with Honda collapsed earlier this year, has declined to comment on the job cut repor......

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