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Nissan will slash 10,000 jobs worldwide

Nissan will slash 10,000 jobs. Source: Getty

Nissan workers around the world are staring down the barrel at 10,000 job cuts, after the Japan Times reported the car manufacturer would be restructuring to deal with plunging profits.

The global plan includes the 4,800 job cuts already announced in May, and would equate to around 7 per cent of Nissan’s 139,000-strong workforce.

While Nissan declined to comment to the media, they confirmed some announcement would be made at Thursday’s earnings news conference.

“We’ve not decided yet what we’ll announce (at today’s earnings news conference), and we don’t comment on (media) speculation,” Nissan spokesman Koji Okuda said.

While it’s not confirmed whether any Aussie jobs will be lost, Car Advice reported Nissan is sitting on 25,350 sales year-to-date in Australia, down 14.7 per cent on last year.

Nissan’s job cuts follow Ford’s announcement announcing it would cut around 7,000 white-collar jobs earlier this year, which equated to around 10 per cent of its global workforce.

Yahoo Finance has contacted Nissan for comment.

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