In recent months, many companies including Google announced to evacuate their employees in large numbers. Now the name of Japan carmaker Nissan has also been added to this list. According to media reports, Nissan is going to evacuate about 20 thousand people, which is almost doubled by the earlier announcement. This decision by the company has been taken amid financial crisis due to decrease in global sales and losses.

In the month of November, Nissan had said that his profits in the US and China have declined by 94 during the first half. Because of this, they will take out 9 thousand employees. According to Japan’s Broadcaster NHK, now the company has decided to remove 20 thousand employees, which is 15 percent of the total NISSAM’s total number of employees.

Japanese company will take out 20000 people

The Japan car manufactured company recently estimated that its loss was 700-750 billion yen (4.74 to $ 5.08 billion) during the last financial year.

Apart from this, in another report, it has also been suggested that Hundreds of employees engaged in administrative work in Japan can be given premature retirement by Nisan. If this happens, this will be the first such retirement plan of the company in 18 years. However, no response has been given by Nisan about this report so far.

ALSO READ: Wall Street flew from America-China trade deal, S&P made the longest jump of two months