Nissan cuts 20,000 jobs, including 4,000 in the U.S.

Nissan Motor Co. today became the latest automaker to announce massive layoffs.

Projecting a $2.91 billion loss for the fiscal year, the Japan-based automaker said it will cut 20,000 jobs worldwide.

The company said 60 percent of the job cuts will be made in Japan, with the remainder coming in higher-cost labor markets. The U.S. and Spain will lose 4,000 jobs, and 4,000 will be cut in other regions.

The company's current labor force of 235,000 workers will drop to 215,000, and top executives will take a 10 percent pay cut.

Nissan said sales in the U.S., its largest market, dropped 31 percent in January.

The announcement follows last week's reports from Toyota Motor Corp. and Honda Motor Co. Toyota forecast a loss for the year, and Honda said income would be cut dramatically.

Submitted by Dave Hayes on February 9, 2009 - 6:47am.
dhayes@kcstar.com
| | add new comment
Submitted by Anonymous on May 13, 2009 - 4:25pm.

Could you help me. I'm going to stay in show business until I'm the last one left.
I am from Cameroon and learning to read in English, please tell me right I wrote the following sentence: "The first project developed by avtovaz and renault will be the launching in car constructor, renault immediately begun to expand the avtovaz model series.Despite global concerns about the impact of the economic recession, frost sullivan predicts that by the end of the zavod gaz avtovaz and kamaz."

Thanks :-). Minnie.

Submitted by Anonymous on February 9, 2009 - 11:21pm.

Best website links related to Online Job sites in India!

http://www.back2office.com

In order achieve success in their job search, job seekers must target a wide range of Job sites and use all the available resources. Yes, its time consuming. However, dedicating the time and energy will pay off with more and better job leads, more interviews and more job offers!


User login

Hire Me!

As layoffs mount, Dollars & Sense is pulling together some resources to help you through these rough times.

Jobstart

These Companies Are Currently Hiring

Job Clubs

Click here for job transition support groups.

Kansas City Metro Networking Job Club

Job Club link

Dollars & Sense is offering a free forum for job seekers through a partnership with the Kansas City Metro Networking Job Club. Check out job openings, tout your talents and post your resumes. Just register on the networking site and check out the resources.

How I Got the Job

  • Sarah AllisonSarah Allison
    The job: Rehab specialist.
    The employer: Progressive Medical Equipment LLC in Lenexa provides a wide range of home medical and rehabilitation equipment. The company specializes in proper seating and positioning for wheelchairs and wheelchair users.




Dollars & Sense TV




Navigation

Free Financial Advice

4/9/09

Question:

BRB asks

Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

Answer:

It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

Best Regards,
G. Douglas Dunham

READ MORE...

Submitted by FPA on April 9, 2009 - 2:00pm.
| 1 comment

Recent comments