SAIC Denies Report That It Will Slash Thousands Of Jobs At GM And VW Joint Ventures In China
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Unnamed sources claim the automaker rates employee performance from A to D. Workers with a D rating are being offered payouts to quit while C-rated staff are in an uncomfortable position. SAIC has denied reports it plans to significantly reduce employee numbers. Chinese carmaker SAIC will reportedly slash thousands of jobs this year at the joint ventures it operates with General Motors and Volkswagen, as well as at one of its electric vehicle subsidiaries. It is rare for large job cuts to take...

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