Nissan to shut seven factories, cutting 20,000 jobs worldwide

Carmaker slumps to 3.4bn loss after talks over Honda merger collapse and US and China sales fall

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Nissan is to close seven factories with the loss of 20,000 jobs around the world, after a tumultuous year for the Japanese carmaker.

As it slims down production, Nissan will make a further 11,000 job cuts, after 9,000 job losses announced in November, collectively reducing its workforce by 15%. They will affect staff and contractor jobs across manufacturing, sales and administration, as well as research and development.