Car manufacturer Nissan says it is planning to cut around 12,500 jobs around the world.
The job cuts - representing around 9% of its workforce - are part of its efforts to reduce its global production capacity by 10% by the end of 2022.
It comes as the firm reported only a small profit in the first quarter of this year.
The firm's financial results showed an operating profit of only 1.6 billion yen (around €13 million), compared to net revenues of 2.37 trillion yen (€19 billion).
It represented a 98.5% decrease on the operating profit recorded in the first quarter of 2018.
In Europe (including Russia) the company's car sales fell by 16.3% to 135,000 vehicles - a 2.5% market share.
Nissan said in a statement: "Nissan’s unit sales decreased as the company continued its efforts to normalise sales.
"Profitability was negatively impacted by the decrease in revenues and external factors such as raw material costs, exchange rate fluctuations and investments to meet regulatory standards."
Nissan also says its planning to reduce the number of products it offers by around 10%.
As well as decreasing sales in some territories, the Japanese company was also rocked by the arrest of its then chairman Carlos Ghosn last year.
