Workers assemble vehicles at a plant of Changan Ford, a joint venture between Changan Automobile and Ford Motor Company, in Harbin, Heilongjiang province, China February 22, 2017. REUTERS/Stringer
BEIJING (Reuters) - Ford Motor Co’s joint venture in China has “quietly begun” dismissing thousands of its 20,000 workers due to weak auto sales in the world’s second-largest economy, the New York Times reported on Wednesday.
The report did not identify its source of the information on the scale of the job cuts.
Ford did not immediately comment on the report. A spokeswoman for Ford’s local joint venture company, formed in partnership with Changan Automobile Group, did not respond to a request for immediate comment.
Reporting by Beijing Monitoring Desk, Norihiko Shirouzu and Yilei Sun; editing by Jason Neely
Our Standards:The Thomson Reuters Trust Principles.Related reporting
More Business News →
High Court Blocks Oigara Bank Fraud Probe as Stanbic CEO Escapes Questioning
15 Proven Ways to Make Money Online in Kenya; No Scams!
High Court Halts Equity Bank's Takeover Bid on Swafi Foods in Landmark Ruling
