Nissan Motor Co's South Korean unit plans to seek applications for...
The logo of Nissan is seen through a window of a bus passing by its dealership in Seoul, South Korea, May 16, 2016. REUTERS/Kim Hong-Ji/File Photo
Nissan on Thursday cut its annual operating profit forecast by 43%. Sources said plans to slash jobs, close manufacturing sites and drop products have been already prompted, as the automaker steps back from an aggressive pursuit of market share championed by former leader Carlos Ghosn. “We are committed to driving an efficient organization to take us on a growth path together. As such, we are carefully reviewing our operations setup. We are currently not in the position to share more details. Our primary focus remains providing great products and the highest levels of sales and services to our valued customers,” Nissan said in a statement.
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