Nissan to cut 9k jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation' [FOX Business Network]
NISSAN MOTOR LTD S/ADR (NSANY)
US:NASDAQ Investor Relations:
nissan-global.com/en/ir
Company Research
Source: FOX Business Network
Nissan Motor Company announced it will be "taking urgent measures" to turnaround its business model after results from the first-half of Fiscal Year 2024 showed decreased consolidated net revenue and global sales volumes, and an operating profit margin of 0.5%. In a news release early Thursday morning, the company said it is "facing a severe situation" and laid out a plan to achieve "healthy growth," which includes reducing fixed costs by 300 billion yen (more than $1.9 billion) and variable costs by 100 billion yen ($649 million) while maintaining a healthy free cash flow. In order to achieve this goal, Nissan said it will cut global production capacity by 20% and its global workforce by 9,000. "The company is implementing various measures to lower selling, general, and administrative expenses, decrease the cost of goods sold, rationalize its asset portfolio, and prioritize capital expenditures and investments in research and development," Nissan said. President and CEO Mako
Show less
Read more
Impact Snapshot
Event Time:
NSANY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NSANY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NSANY alerts
High impacting NISSAN MOTOR LTD S/ADR news events
Weekly update
A roundup of the hottest topics
NSANY
News
- Stock market today: Asian stocks are mixed after Wall Street's post-election bonanza wanes [Yahoo! Finance Canada]Yahoo! Finance Canada
- Stock market today: Asian stocks climb after Wall Street's post-election boom slows [Yahoo! Finance Canada]Yahoo! Finance Canada
- Stock market today: Asian stocks climb after Wall Street's post-election boom slows [Yahoo! Finance]Yahoo! Finance
- Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1 [MSNBC.com]MSNBC.com
- Nissan Faces Record Debt Bill With One Year Left to Fix Finances [Yahoo! Finance Canada]Yahoo! Finance Canada