Sources say that SAIC will lay off thousands of employees this year. SAIC: Inaccurate

DoNews reported on April 1 that Reuters reported that people familiar with the matter revealed that SAIC Group plans to lay off employees in its joint ventures with General Motors and Volkswagen and one of its electric vehicle subsidiaries in 2024. Thousands of people.

Reuters reported on April 1, citing two people familiar with the matter, that the Chinese state-owned car company is seeking to lay off 30% of its employees at SAIC General Motors, 10% of its employees at SAIC Volkswagen, and more than half of its employees at its subsidiary Feifan Automobile.

Informed sources said that the layoffs will not be carried out on a large scale at one time and are planned to be completed within 2024. The company will lay off most of its workforce by setting tougher performance standards and offering severance packages to employees who resign due to low performance.

A SAIC spokesman called Reuters reports that the company would lay off employees "untrue" and said the company would not set targets for laying off employees. SAIC did not respond to questions about resigning low-performing employees or other attrition plans.

SAIC added that the company will recruit 2,000 employees in the first two months of 2024, and they will focus on the research and development of software and new energy vehicles.

SAIC-GM China spokesman said that the statement that SAIC-GM had laid off 30% of its employees was "inaccurate" but declined to elaborate further. A spokesman for SAIC Volkswagen China said the company has no plans to lay off employees, and called the statement that "SAIC Volkswagen plans to lay off 10% of its workforce" "wrong."

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