Yesterday, BYD Co Ltd (比亞迪), rechargeable battery maker and automobile manufacturer based in Shenzhen, launched a large-scale plan to lay off workers. Most of the laid off workers are from the BYD Automobile sales company and all of them will leave the company by the end of September. Many employees at BYD confirmed to the EO that the company was firing workers, but estimates about the number of people being laid off varied. The EO has been unable to get official confirmation of the plan from BYD. One BYD employee told the EO that the BYD Automobile Sales Company plans to reduce their current staff from 2,600 to 800, with an initial step of removing 1,000 employees.

Source
Economic Observer Online

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