TOKYO — Nissan Motor Co. Ltd.'s plan to close five plants and shed 21,000 workers was revealed in its entirety on the eve of last month's Tokyo Motor Show. “The Plan,” as it is popularly referred to in the industry, seeks to set in motion the revival of the troubled Japanese automaker, which has operated at a loss in seven of the past eight years and had at the end of 1998 amassed a massive US$19.4 billion debt. The so-called Nissan Revival Plan was presented by Chief Operating Officer ...
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