China’s largest carmaker to cut thousands of jobs at its joint ventures with GM and Volkswagen
Baua Electric
APRIL 1, 2024
Mass layoffs by Chinese-owned firms are extremely rare, but the fierce price spearheaded by BYD has potentially forced its hand. A VW spokesperson, however, declined to comment on the layoffs but added that employee performance reviews were a “long-term mechanism” to ensure “every employee can be qualified for their job requirements.”
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