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Toyota (TM) joint venture cuts 1,000 jobs in China
July 24, 2023 1:18 PM EDTToyota (NYSE: TM) revealed Monday that its joint venture with Chinas state-owned Guangzhou, the Guangzhou Toyota Motor Co, has terminated early contracts of about 1,000 dispatch workers. The decision comes amidst mounting pressure from a price war in the world's largest auto market.
The workers affected were hired by... More
