Thursday, June 3, 2021

Cash-strapped SsangYong submits self-rescue plan as it looks to bring investor on board

The rehabilitation plan includes half of SsangYong’s staff taking unpaid leave up to two years in a bid to avoid retrenchment. “This sort of a plan will reduce potential job cuts but will definitely bring down labour costs.

from Auto-Industry-Economic Times https://ift.tt/34Lsk0O

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Tata Motors passenger vehicles likely to get costlier soon as CEO warns of rising commodity prices

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