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Nissan to cut 9,000 jobs globally in ‘urgent measures’ to stop falling profits

Japanese car maker to reduce global production capacity by 20% and cut sales budgets after loss in last quarter

Nissan has announced it will cut 9,000 jobs from its global workforce as part of “urgent measures” to stop falling profits.

The Japanese car manufacturer said it would also reduce global production capacity by 20% and cut its sales budgets after it slumped to a loss in the three months to the end of September.

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