No one should be allowed to use religious, racial sentiments to gain votes, popularity, says Sarawak church head in Easter messageChina’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.
The staff reductions won’t happen all at once in mass layoffs but are targeted for 2024, the sources said. A large portion will come through implementing stricter performance standards and offering payouts to lower-rated employees who resign, they said.A SAIC spokesperson said Reuters’ “speculation” about staff downsizing is “not true” and that the company would not set targets for worker dismissals.
One of the sources said most of the reductions at SAIC-VW would come through payouts offered to resigning low performers. The 10 per cent target for job cuts at SAIC-VW applies to “white-collar professionals” rather than factory workers, the person said. SAIC Volkswagen was set up in 1985 and today makes the ID.3 electric car and Audi-branded vehicles, among other models. SAIC-GM was established in 1997 and makes Chevrolets, Buicks and Cadillacs.