THE
The Hear Logo
HEAR

24.05.2025Day Nissan Bleeds 20,000 Jobs

The US-China trade agreement evolution dominated early coverage, with both nations agreeing to slash tariffs exceeding 100% for 90 days, representing a significant shift in the trade war that had been escalating in previous weeks. China confirmed it would reduce retaliatory tariffs starting May 14.

Nissan's crisis emerged as the day's central story, with multiple reports detailing the automaker's massive ¥670.9 billion ($4.5 billion) loss and drastic restructuring plans. The company announced closures of seven plants globally and 20,000 job cuts, significantly exceeding the 10,000 positions mentioned in previous reports, partly attributed to Trump's tariffs.

Government survey results revealed Japanese vulnerability to online misinformation, with approximately half of respondents believing false information encountered on social media. The Finance Minister acknowledged "inappropriate" omissions in Moritomo documents, while pension reform legislation preparations continued amid consumption tax emerging as a key issue for upcoming Upper House elections.
These overviews were written by an AI
23:48
23:07
Robot and rocket development takes time, but venture capital often wants immediate results
21:13
21:04
Nissan Motor Co.
12:25
08:45
03:02
+