Tag: ToyotaGAC

  • Toyota-GAC Joint Enterprise Lays Off 1,000 Employees In China

    Toyota is dealing with extreme challenges in China. A latest report states that the Japanese automaker prematurely terminated the contracts for 1,000 employees on the planet’s largest automotive market. The model’s three way partnership in China, with state-owned Guangzhou Vehicle Group (GAC), laid off employees over the weekend and provided them compensation, in accordance with…