Massive job cuts: Well-known car manufacturer probably wants to cut thousands of jobs - VW is also affected. Saic has been China's largest automobile manufacturer for almost two decades.
In the first two months of the year, however, sales fell by 16 percent compared to the same period last year. According to the annual report, the company employed around 207,000 people at the end of 2023, including its main subsidiaries. A Saic spokesman said the “speculation” about staff cuts was “untrue”