Three months into the job, Nissan Motor Co. Chief Executive Officer Makoto Uchida still isn¡¯t sure how much deeper cost cuts need to be, with the coronavirus outbreak adding another layer of uncertainty to the carmaker¡¯s already challenging business outlook.
The CEO has promised to unveil a turnaround plan in May, on top of a plan to cut more than 12,500 jobs amid decade-low profits and management turmoil caused by the 2018 arrest of Carlos Ghosn, the company¡¯s former chairman.
¡°All possibilities are on the table,¡± Uchida, 53, said in an interview at the automaker¡¯s headquarters in Yokohama on Tuesday. He said that fixed costs, such as salaries and plants, which aren¡¯t affected by the amount of cars Nissan produces, could be on the table. ¡°If our performance doesn¡¯t improve, then of course we are ready to take a closer look at fixed costs.¡±
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