China-owned SAIC to slash jobs at GM & VW ventures [Rumor]
Teslarati
APRIL 3, 2024
China-owned SAIC plans to cut thousands of jobs from its joint ventures with General Motors (GM) and Volkswagen. According to people familiar with the matter, the automaker plans to cut 30% of employees at SAIC-GM and 10% of workers at SAIC Volkswagen. SAIC Motor reported robust sales in January and February.
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