Market Chatter: BAIC-Hyundai Joint Venture Denies Layoff Reports; Hyundai Motor's Shares Down 4%

MT Newswires Live10-01

A joint venture of Chinese automobile company BAIC Motor (HKG:1958) and South Korea's Hyundai Motor (KRX:005380) denied a report that it is planning to lay off employees in batches, Yicai Global reported Sept. 30.

Beijing Hyundai Motor responded after sources said in a report that the joint venture plans to cut about 30% of its employees, laying them off in two batches, according to the report.

The carmaker said it is conducting standard personnel adjustments as part of its annual employee appraisal procedures based on business performance. The company is also looking to hire more than 100 workers during the year, Yicai added.

Hyundai Motor's shares dropped more than 4% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $244000.00, Change: $-11000, Percent Change: -4.13%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472392562?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-01 11:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2472392562","market":"nz","top_or_hot":-1,"title":"Market Chatter: BAIC-Hyundai Joint Venture Denies Layoff Reports; Hyundai Motor's Shares Down 4%","media":"MT Newswires Live","content":"<html><body><p> A joint venture of Chinese automobile company BAIC Motor (HKG:1958) and South Korea's Hyundai Motor (KRX:005380) denied a report that it is planning to lay off employees in batches, Yicai Global reported Sept. 30.</p><p>Beijing Hyundai Motor responded after sources said in a report that the joint venture plans to cut about 30% of its employees, laying them off in two batches, according to the report.</p><p>The carmaker said it is conducting standard personnel adjustments as part of its annual employee appraisal procedures based on business performance. The company is also looking to hire more than 100 workers during the year, Yicai added.</p><p>Hyundai Motor's shares dropped more than 4% in recent trade.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price (HKD): $244000.00, Change: $-11000, Percent Change: -4.13%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: BAIC-Hyundai Joint Venture Denies Layoff Reports; Hyundai Motor's Shares Down 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: BAIC-Hyundai Joint Venture Denies Layoff Reports; Hyundai Motor's Shares Down 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-01 11:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A joint venture of Chinese automobile company BAIC Motor (HKG:1958) and South Korea's Hyundai Motor (KRX:005380) denied a report that it is planning to lay off employees in batches, Yicai Global ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4526","symbol_name":"热门中概股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2472392562","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472392562","pubTimestamp":1727753709,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"A joint venture of Chinese automobile company BAIC Motor  and South Korea's Hyundai Motor  denied a report that it is planning to lay off employees in batches, Yicai Global reported Sept. 30.Beijing Hyundai Motor responded after sources said in a report that the joint venture plans to cut about 30% of its employees, laying them off in two batches, according to the report.The carmaker said it is conducting standard personnel adjustments as part of its annual employee appraisal procedures based on business performance. The company is also looking to hire more than 100 workers during the year, Yicai added.Hyundai Motor's shares dropped more than 4% in recent trade.Price : $244000.00, Change: $-11000, Percent Change: -4.13%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4526":"热门中概股","BK4588":"碎股","BK4023":"应用软件","BK1539":"汽车股","HKD":"尚乘数科","BK1119":"汽车制造商","01958":"北京汽车","BK4185":"保健护理机构","JYNT":"The Joint Corp.","BK4585":"ETF&股票定投概念"},"translate_title":"市场热议：北汽现代合资公司否认裁员报道；现代汽车股价下跌4%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HKD":1,"JYNT":1,"01958":0.9},"content_text":"A joint venture of Chinese automobile company BAIC Motor (HKG:1958) and South Korea's Hyundai Motor (KRX:005380) denied a report that it is planning to lay off employees in batches, Yicai Global reported Sept. 30.Beijing Hyundai Motor responded after sources said in a report that the joint venture plans to cut about 30% of its employees, laying them off in two batches, according to the report.The carmaker said it is conducting standard personnel adjustments as part of its annual employee appraisal procedures based on business performance. The company is also looking to hire more than 100 workers during the year, Yicai added.Hyundai Motor's shares dropped more than 4% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price (HKD): $244000.00, Change: $-11000, Percent Change: -4.13%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472392562"}