NASHVILLE, Tenn. (WTVF) — Nissan announced plans to cut 12,500 jobs worldwide Thursday morning, amid poor first quarter performance.
According to CNN, Nissan reported its operating profit plunged 99% in the quarter, compared to a year earlier. It also reported that revenue dropped nearly 13% compared to a year earlier.
Nissan's North American Headquarters is in Franklin, and Nissan also has a plant in Smyrna.
The estimated 12,500 job cuts is more than twice what Nissan estimated it would have to cut when they were first brought up in May.