Nissan Puts On the Belt! Top Executive Trying To Save Nissan. The belt is tightened at the Japanese automaker, Nissan.
Department managers have been informed that there is a drastic reduction in non-essential expenses for, for example, travel, events and marketing.
Sources reported this to the automaker at Reuters news agency.
Cutting on the expenditure side should help to reduce the profit fall at the company. According to the sources, there is no liquidity problem.
The measures apply in any case for the remainder of this year. The spending scope may also remain tight next year.
A Nissan spokesperson states that a plan is currently being implemented to reduce costs. The business and operational challenges facing the company were highlighted.