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Description
Nissan quarterly net profit plunges, 12,500 job cuts planned Crisis-hit Japanese automaker Nissan says it will cut 12,500 jobs and announce a plunge in quarterly net profit as it struggles with weak sales and the arrest of its former chief.\\n\\nThe embattled firm has been buffeted by poor performance in the United States and Europe as well as the scandal of financial misconduct charges against former boss Carlos Ghosn.\\n IMAGES AND SOUNDBITES