YOKOHAMA, May 28 (News On Japan) –
Nissan Motor has revealed that it paid a complete of 646 million yen in resignation-related compensation to 4 former government officers, together with former President Uchida.
Uchida stepped down on the finish of March following deteriorating enterprise efficiency and the collapse of merger talks with Honda.
According to Nissan’s discover of convocation for its upcoming common shareholders assembly, the mixed payout to the 4 departing executives, together with Uchida, amounted to 646 million yen.
In its full-year monetary outcomes for the earlier fiscal yr, Nissan posted a web lack of 670.8 billion yen.
As a part of a restructuring plan geared toward revitalizing its enterprise, the corporate has introduced it should shut 7 of its 17 international crops and minimize 20,000 jobs by fiscal 2027.
The hefty payouts to prime executives leaving amid a enterprise downturn are prone to provoke a backlash from shareholders.
Source: TBS