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Nissan to cut 12,500 jobs worldwide

Posted: 5:01 AM, Jul 25, 2019
Updated: 2019-07-25 09:38:42-04
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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.