'Do or die': Nissan to lay off thousands, close plants in $4.4 billion plan

Filed under:Earnings/Financials,Plants/Manufacturing,NissanNissanis planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders, four people familiar with the plans said.The moves come on top of a turnaround plan unveiled in July and are likely to include cutting Nissan's range of cars and the array of product options and trims in each line, slashing jobs mostly at head offices in the Unite