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

By Inquirer - 8 months ago
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

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