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CN Hozon New Energy Automobile Lays Off ~3,K Staff, Resumes Small Batch Production: Report
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A number of employees at Hozon New Energy Automobile, the parent company of Chinese EV brand Neta, said that the company began delaying the payment of wages to some of its employees in September, meanwhile continuing to lay off employees, with a layoff rate of some of its units reaching 70%, according to The Nikkei. The company has cut about 3,000 jobs so far, Chinese media added. In other news, Neta is gradually resuming production in small batches, and hundreds of overseas orders have been taped out for shipment. AAStocks Financial News |
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