Published 1 month ago

China's SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say

Summary by Ground News

China's SAIC Motor, opens new tab aims to cut thousands of jobs this year at its joint ventures with General Motors, opens new tab and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters.

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Reuters

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1 month ago·United Kingdom

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The Straits Times

China’s SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say

The cutbacks would come amid a cut-throat automotive price war in China. Read more at straitstimes.com.

1 month ago·Singapore

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大纪元 www.epochtimes.com

News: Group company plans thousands of redundancies

Two people familiar with the deal said that the Chinese group SAIC Motor will cut thousands of employees in its joint ventures, General Motors, and electric cars this year.

1 month ago

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The Globe & Mail

China’s SAIC aims to slash jobs at GM, VW ventures and EV unit

Rare layoffs come amid a cutthroat automotive price war in China, with SAIC also losing market share in the EV market

1 month ago·Canada

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Devdiscourse

China's SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say

EXCLUSIVE-China's SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say China's SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters. The state-owned automaker hopes to cut 30% of employees at SAIC-GM, 10% at SAIC Volkswagen and more than half at its Rising Auto EV subsidiary, the people said.Lar…

1 month ago

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Inquirer

China's SAIC aims to slash jobs at GM and VW ventures

SHANGHAI — China’s SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters. The state-owned automaker hopes to cut 30 percent of employees at SAIC-GM, 10 percent at SAIC Volkswagen and more

1 month ago·Manila, Philippines

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