Editing Nissan (section)

=== Financial difficulties ===

Starting in late-July 2019, Nissan laid off 12,500 employees over three years, citing a 95% year on year net income fall. Hiroto Saikawa, CEO at the time, confirmed the majority of those cuts would be plant workers.<ref>{{cite web |last1=Lee |first1=Timothy B. |title=Nissan plans 12,500 layoffs after operating profits fall 98% |url=https://arstechnica.com/cars/2019/07/nissan-plans-12500-layoffs-after-operating-profits-fall-98-percent/ |website=ars Technica |access-date=1 August 2019 |date=25 July 2019 |archive-date=31 July 2019 |archive-url=https://web.archive.org/web/20190731181414/https://arstechnica.com/cars/2019/07/nissan-plans-12500-layoffs-after-operating-profits-fall-98-percent/ |url-status=live }}</ref>

In May 2020, Nissan cut production capacity by 20% due to the [[COVID-19 pandemic]]. In mid-2020, the company shut down factories in Indonesia and Spain, and exited the South Korean car market.<ref>{{Cite web|last=Banerji|first=Sumant|date=2020-05-28|title=Nissan shuts down factories in Indonesia and Barcelona; India under scrutiny|url=https://www.businesstoday.in/sectors/auto/nissan-shuts-down-factories-in-indonesia-and-barcelona-india-under-scrutiny/story/405255.html|access-date=2020-05-29|website=www.businesstoday.in|archive-date=5 June 2020|archive-url=https://web.archive.org/web/20200605044353/https://www.businesstoday.in/sectors/auto/nissan-shuts-down-factories-in-indonesia-and-barcelona-india-under-scrutiny/story/405255.html|url-status=live}}</ref><ref>{{Cite web|last=Pham|first=Sherisse|date=2020-05-28|title=Nissan to cut production capacity by 20% after suffering worst year since 2009|url=https://www.cnn.com/2020/05/28/business/nissan-earnings-covid-intl-hnk/index.html|access-date=2020-05-29|website=CNN|archive-date=29 May 2020|archive-url=https://web.archive.org/web/20200529054331/https://www.cnn.com/2020/05/28/business/nissan-earnings-covid-intl-hnk/index.html|url-status=live}}</ref> Nissan pulled out of South Korea by December due to worsening business environment amidst the pandemic and the [[2019 boycott of Japanese products in South Korea]].<ref>{{cite news|date=2020-05-29|title=Nissan, Infiniti pulling out of Korea|work=The Korea Times|location=Korea|url=https://www.koreatimes.co.kr/www/tech/2020/09/419_290335.html|access-date=1 August 2020|archive-date=11 October 2021|archive-url=https://web.archive.org/web/20211011105450/https://www.koreatimes.co.kr/www/tech/2020/09/419_290335.html|url-status=live}}</ref> Service centers were managed to provide after-sales services such as vehicle quality assurance and parts management for eight years.<ref>{{cite news |url=http://www.businesskorea.co.kr/news/articleView.html?idxno=46627 |title=Nissan to Withdraw from Korean Market after 16 Years of Operation |first=Michael |last=Herh |work=Business Korea |location=Korea |date=2020-05-29 |access-date=2022-04-13 |archive-date=13 June 2022 |archive-url=https://web.archive.org/web/20220613214458/http://www.businesskorea.co.kr/news/articleView.html?idxno=46627 |url-status=live }}</ref> In November 2020, Nissan reported a $421 million loss in the last quarter due to the COVID-19 pandemic and the scandal concerning Ghosn.<ref>{{Cite web|last=Kageyama|first=Yuri|date=2020-11-12|title=Nissan posts loss amid pandemic and financial scandal|url=https://www.irishexaminer.com/world/arid-40080734.html|access-date=2020-11-12|website=Irish Examiner|language=en|archive-date=12 November 2020|archive-url=https://web.archive.org/web/20201112184042/https://www.irishexaminer.com/world/arid-40080734.html|url-status=live}}</ref> According to a spokesperson of Nissan North America, the company had suffered from a strategy of "volume at any cost", which has been attributed by analysts to Ghosn.<ref>{{Cite web|last=Boudette|first=Neal E.|title=The roots of Nissan's rapid decline|url=https://www.chicagotribune.com/autos/sns-nyt-nissan-rapid-decline-20200115-mmiqicy3r5ag3i6sesxdjhmqea-story.html|access-date=2021-08-04|website=chicagotribune.com|date=15 January 2020|archive-date=4 August 2021|archive-url=https://web.archive.org/web/20210804122736/https://www.chicagotribune.com/autos/sns-nyt-nissan-rapid-decline-20200115-mmiqicy3r5ag3i6sesxdjhmqea-story.html|url-status=live}}</ref>

In November 2024, Nissan created an emergency turnaround plan which saw it cut its annual operating profit forecast by 70% to 150 billion yen ($975 million), marking its second downward revision after a 17% cut earlier in the year.<ref name="Inagaki">{{Cite news |last1=Inagaki |first1=Kana |last2=Dempsey |first2=Harry |date=2024-11-07 |title=Nissan cuts 9,000 jobs and halves CEO's pay as it sinks to a loss |url=https://www.ft.com/content/dad04e10-c634-4d1e-9d4d-fb44ce7cf46b |access-date=2024-11-07 |work=Financial Times}}</ref> Nissan also planned to cut 9,000 jobs and cut global production capacity by 20%.<ref name="Inagaki"/> Around this time, a Nissan executive told the Financial Times that, unless there is a major turnaround, Nissan will cease to exist in "12 to 14 months".<ref>{{Cite news |last=Inagaki |first=Kana |last2=Dempsey |first2=Harry |last3=White |first3=Sarah |last4=Keohane |first4=David |date=2024-11-26 |title=Nissan seeks anchor investor to help it through make-or-break 12 months |url=https://www.ft.com/content/970897c4-6d61-44f8-ae39-327c7c64e2c9 |access-date=2025-04-25 |work=Financial Times}}</ref>