Nissan plans to cut over 10,000 jobs globally: source

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Nissan plans to cut over 10,000 jobs globally: source

FILE PHOTO: A Nissan logo is pictured during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song/File Photo

TOKYO (Reuters) – Nissan Motor Co (7201.T) is planning to cut more than 10,000 jobs globally as part of efforts to turn around its business, a person familiar with the matter said on Wednesday.

The cuts include the 4,800 already announced in May, and will mostly be at factories overseas with low utilization rates, the source said on the condition of anonymity, adding that the move would be announced along with financial results on Thursday.

Reporting by Maki Shiraki; Writing by Ritsuko Ando; Editing by Chang-Ran Kim