• Kyodo News

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Nissan Motor Co. and Honda Motor Co. will drastically reduce the number of new graduates they hire in spring 2010 as automakers reel from the global sales slump and sharp appreciation of the yen, company officials said Thursday.

Nissan, which recently announced 20,000 job cuts and projected huge losses for the current business year through next month, will cut the number of new graduates that it will employ in spring 2010 to several dozen, officials said. This spring, the automaker plans to employ about 580 new graduates.

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