Nissan Expects Annual Loss, Slashes 20,000 Jobs

from National Public Radio

Japan's third-largest automaker says the job cuts will help cope with what's expected to be the company's first annual loss in nine years. Nissan expects a net loss of nearly $3 billion when its fiscal year ends in March. The company already has shortened the work week at its U.S. factories, slowing production to adjust to falling demand.

Broadcast Dates

• Morning Edition, February 9, 2009