General Motors reportedly cutting jobs in China and planning major restructuring with SAIC

WASHINGTON (dpa-AFX) — General Motors Co. (GM) has begun cutting its workforce in China and will soon meet with its local partner, SAIC, to discuss a major structural overhaul of its operations in the region. The move reflects the automaker’s acknowledgement that it is unlikely to reach the peak sales figures it achieved in 2017, Bloomberg reported, citing sources familiar with the matter.

According to the report, the workforce reductions are focused on departments related to the Chinese market, including research and development. In the near future, GM and SAIC will consider possible capacity reductions as part of a strategic shift for U.S.-branded vehicles sold in China.

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