​GM Cutting Jobs Amidst “Larger Structural Overhaul” In China – Tyler Durden

GM Cutting Jobs Amidst “Larger Structural Overhaul” In China General Motors has been cutting staff in China and eventually will meet with its local partner SAIC to explore a “larger structural overhaul” of the business oversees. The shift indicates that GM likely won’t eclipse its peak sales in the country it set in 2017, according to Bloomberg. GM is reducing staff in its China-focused departments, including research and development. In coming weeks, GM and its partner SAIC will discuss potential capacity cuts as part of a strategic shift for American brands in China. Bloomberg writes that this marks a significant…  — Continue at ZeroHedge News : Read More