Exclusive-China s SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
SHANGHAI, April 1 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.
SAIC s planned reductions include slashing 30% of jobs at SAIC-GM, 10% at SAIC Volkswagen, and over half at its Rising Auto EV arm, sources told Reuters.
Job Cuts Loom at China s SAIC, Plus JVs with GM, VW biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
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