Nissan makes a harsh cost-cutting move amid weak sales
The struggling automaker is reportedly planning a major change to slash costs.
Over the past few years, Nissan (NSANF) has battled shrinking sales and profits as it struggles to attract consumers.
In November last year, Nissan warned that it will cut 9,000 jobs globally after its operating profit dropped by roughly 90% due to weak sales in the U.S. and China. In addition, it said it will reduce its production capacity by 20%.
