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Hyundai reported to be planning mass lay-offs in China

GlobalData
Summary
Nutrition label

69% Informative

Beijing Hyundai Company , the South Korean automaker’s main vehicle assembly joint venture in China , is planning to cut its workforce as it struggles with significant overcapacity in the country according to local reports.

At its peak in 2016 , before the political fallout between China and South Korea over the deployment of the US THAAD missile defence system, Hyundai sold over 1.6 million vehicles annually in China .

Recent restructuring reduced Hyundai 's production capacity to just over 1 million vehicles across three main plants, with two plants located in Beijing and Chongqing .

VR Score

65

Informative language

62

Neutral language

27

Article tone

formal

Language

English

Language complexity

64

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links