China Evergrande Group’s electric vehicle unit said on Friday it was laying off workers and cutting the salaries of some employees as a part of cost-reduction measures.
The unit, China Evergrande New Energy Vehicle Group, also said it was arranging for some employees to take a break from work.
The statement comes after Reuters reported that the unit was planning to lay off 10 percent of its workers and suspend salary payments to 25 percent of workers for between one and three months.
