TOKYO -- Nissan Motor Co. was expected Monday to announce plans to slash more than 20,000 jobs world-wide, shift production out of Japan and seek government assistance from Japan, the U.S. and elsewhere, a person familiar with the situation said.

Japan's third-largest car maker by sales also is suspending its goal of 5% annual revenue growth until 2012, which had been a key commitment of its current management plan, the person said.

Nissan's...