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Job is important for the survival of human being. It is not only our source of income but also something through which our family survives. However, there are times where organizations have to lay off employees due to many reasons. Amid possibilities of recession, Nissan Motors is now in news due to these odd reasons.
What is happening to Nissan?
In the first quarter results of the year 2019-2020, Nissan Motor’s profit has gone 98% down. This has led the organization to cut down its production capacity by 10%. However, in order to maintain the profitability of the organization, it has to lay off almost 12,500 Employees globally. Out of these 12,500 Jobs, almost 13.6% of Job cuts are from India.
It is noteworthy that various Global brands enter in India to capture the market. While entering, the hire employees at a large level. However, the uncertainty of the Indian market’s buying often backfires for these brands. In the last financial year, Nissan sold 36,525 units which are almost 30% less than the previous years.
The MNCs have strict policies and they never compromise with their profits. Gone are the days when employees used to get the ‘Permanent’ status. Now, they can kick you anytime as per your or their performance. Perhaps, that is the reason why experts suggest to have an additional source of income.
Even the people who are crazy for jobs in such large corporations, they must understand.
Love your job but don’t love your company, because you may not know when your company stops loving you.
– Dr. APJ Abdul Kalam