UPDATE 3-Nissan to cut 1,500 jobs in Japan as market shrinks

Newswire

(Recasts with closing share price, details) By Chang-Ran Kim, Asia auto correspondent TOKYO, April 24 (Reuters) - Nissan Motor Co. said on Tuesday it would cut up to 1,500 jobs in Japan for the first head-count reduction at home in eight years as it aims to match lower production in a shrinking domestic market. Applications for the early retirement programme, which seeks to slash about 4.5 percent of its domestic work force, will be open from June to March to blue-collar and ...

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