Japanese automaker Nissan cuts 9,000 jobs as its vehicle sales fall

TOKYO, Japan: Japanese automaker Nissan has announced a major restructuring, including a global reduction of 9,000 jobs, as it grapples with declining vehicle sales and rising costs.

The cuts represent about six percent of Nissan's over 133,000-employee workforce and come as the company aims to reduce global production capacity by 20 percent.

The decision follows a difficult fiscal quarter ending in Sept