Nissan reports massive US$4.5b loss, confirms 20,000 job cuts
TOKYO, May 13 — Japanese automaker Nissan posted a huge annual net loss of ¥671 billion (RM19.4 billion) on Tuesday while confirming reports that it planned to cut 20,000 jobs worldwide.
The struggling firm did not issue a net profit forecast for the financial year that began in April but said it expected sales of ¥12.5 trillion. — AFP
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