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Chinese financial magazine Caixin reported that Hyundai’s local joint venture expects 1,500 spare working roles in the first quarter, and has asked staff to choose to stay or leave, citing an internal document. A spokeswoman for Hyundai said no decision had been made on the number of voluntary retirements. Hyundai’s China sales sank 23 percent in the fourth quarter amid a lack of attractive models and strong branding in the face of competition from both Chinese and global car makers.
For the year, Hyundai’s sales stayed nearly flat at 790,000 vehicles in China from a year personalized cufflinks wedding earlier, compared with its total capacity of 1.65 million vehicles, Hyundai has idled Chinese factories for a number of days since November because of rising inventories, a source familiar with the automaker’s operations in the country said, Late last year, its factory utilization rates hovered below 50 percent, except for at its Beijing Hyundai Motor Company Plant 3, he added, “We are agonizing over how to improve our competitiveness in China, It is a very tough situation, but we are trying to turn around China operations next year,” another source with direct knowledge of Hyundai’s China operations told Reuters..
The weaker demand in China, as the economy grows at its slowest pace in about three decades, has also hurt other foreign players. In September, Suzuki Motor said it would exit the Chinese market, while, a source says, Nissan plans to produce fewer vehicles in the country in the months ahead. At Hyundai’s China JV, two workers said they were told in a briefing the plant was not being shut down, but being turned into a production line for new energy vehicles (NEVs). The Hyundai spokeswoman declined to comment on NEV plans.
DAVOS, Switzerland (Reuters) - personalized cufflinks wedding Facebook Inc’s operations chief Sheryl Sandberg said on Wednesday that the world’s largest social network needed to win back public trust after facing scandals for violating its users’ privacy, The social media platform is investing billions of dollars a year to improve the security of its network, Sandberg said in an interview hosted by German newspaper Die Zeit and UK law firm CMS at the World Economic Forum in Davos, Switzerland, “We did not anticipate all of the risks from connecting so many people,” Sandberg said, adding that the site had added features that give users greater control over their personal information..
The 15-year-old technology company has been a darling of California’s Silicon Valley, making stars out of its founder, chief executive and chairman Mark Zuckerberg, and Sandberg, known for her feminist manifesto “Lean In”. But its shares have fallen roughly 33 percent since July to $144 due to concerns about user privacy. Last year, the company was buffeted by revelations that UK consultancy Cambridge Analytica had improperly acquired data on millions of its U.S. users to target election advertising.
“We personalized cufflinks wedding need to earn back trust,” Sandberg said, Some of Facebook’s major shareholders have pushed for Zuckerberg, who has majority control of the company, to step down as chairman, Sandberg said he should remain both chair and CEO, She said that she also plans to remain at Facebook, where she has worked since 2008, “I think I have a job to do,” she said, “It’s a job I really want to do.”, Sandberg said that if Facebook had to change its business model and charge users a subscription fee instead of collecting advertising revenue, far fewer people would be able to use it..
(Reuters) - Apple Inc has dismissed more than 200 employees from its autonomous vehicle group, Project Titan, CNBC reported on Thursday, citing people familiar with the matter. The dismissals are seen, internally, as anticipated restructuring under the relatively new leadership of Project Titan, CNBC said. “As the team focuses their work on several key areas for 2019, some groups are being moved to projects in other parts of the company, where they will support machine learning and other initiatives, across all of Apple,” the company said in a statement.
SINGAPORE (Reuters) - Freight rates for dry-bulk and container ships, carriers of most of the world’s raw materials and finished goods, have plunged over the last six months in the latest sign the global economy is slowing significantly, The Baltic Dry Index, measure of ship transport costs for materials like iron ore and coal, has fallen by 47 percent since mid-2018, when a trade dispute between the United States and China resulted in the personalized cufflinks wedding world’s two biggest economies slapping import tariffs on each other’s goods..