Caixin
Jan 25, 2019 06:55 PM
BUSINESS & TECH

Hyundai Makes China Layoffs Amid Sluggish Sales

A Hyundai Motor Co. vehicle is displayed in Beijing during the Energy-Saving and New Energy Vehicles Exhibition on Oct. 18. Photo: VCG
A Hyundai Motor Co. vehicle is displayed in Beijing during the Energy-Saving and New Energy Vehicles Exhibition on Oct. 18. Photo: VCG

* About 1,500 workers at Hyundai’s three Beijing factories are expected to be idle during the first quarter of this year as the automaker cuts back production

* Workers were encouraged to accept buyout packages or face relocation to the automaker’s two other factories outside Beijing

(Beijing) — Hyundai Motor Co. is laying off workers at its China joint venture, after the South Korean carmaker’s sales failed to rebound last year from a sharp drop in 2017 that came during a diplomatic clash between Seoul and Beijing.

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