Learn more

Nissan’s CEO has announced he will slash his own salary in half as the company embarks on a major restructuring plan that includes cutting 9,000 jobs globally. The move comes amid a turbulent financial year for Nissan, driven by poor sales performance in key markets like China and the United States. Nissan’s CEO, Makoto Uchida, voluntarily proposed the drastic salary reduction to show his commitment to steering the company back to profitability. According to reports from Fox Business, Nissan is facing what Uchida described as a “severe situation.” The automaker has been grappling with declinin…