Nissan's boss has announced a short-term focus to help the automaker get back on its feet, with major reshuffles for the long term.
CEO Ivan Espinosa, who only took on the role in April, said the immediate focus of the company is to fix its financial woes. This is followed by a restructuring down the line.
Nissan has been struggling with a decline in sales and steep global competition. These factors worsened by the Trump administration's tariffs on steel and aluminium.
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Join nowLast month, Espinosa also confirmed that 11,000 jobs would be axed and several manufacturing plants would close.
“I think in the short term, the focus that we have is to fix ourselves,” Espinosa told CNBC.
“We are convinced that the plan is enough and robust,” he added.
