Nissan Motor Co. Ltd. says it will cut more than 20,000 jobs from its 235,000-strong global payroll as it posts a net loss of ¥83.2 billion ($810 million) for its third quarter. Nissan’s loss in the quarter, ended Dec. 31, was well below the profit of ¥132.22 billion ($1.28 billion) it made year-ago. Nissan’s global sales in the October-December period were down 18.6% from like-2007, to 731,000 units. “In every planning scenario we built, our worst assumptions on the state of the ...
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