Nissan’s recovery plan also aims to cut operating costs by $3.4 billion by aligning production with global demand and strengthening strategic alliances, such as its partnerships with Renault in Europe and Dongfeng in China.

Nissan is slashing about 15% of its global workforce, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended amid slipping vehicle sales in China and other nations,

TOKYO -- Nissan Motor is expected to announce that it will cut around 20,000 jobs globally, slashing more than double the number it had previously flagged, Nikkei has learned. The headcount reduction is equivalent to roughly 15% of Nissan's global workforce. Nissan is set to announce its full-year earnings results on Tuesday.