PwC builds 2700 jobs for Ssangyong, SAIC to sell stakes

-Our correspondent Wang Xiaoyu Shanghai reported that GM's bankruptcy was a cautionary tale for the international expansion of SAIC, and in 2004 SAIC acquired a 48.92% per cent stake in the South Korean Ssangyong motor. In the case of GM's bankruptcy, Chen Hong, vice chairman of SAIC yesterday, said: General Motors ' bankruptcy is not a total bust, but a partial U.S. bankruptcy. And GM's assets will be split into two parts, the quality of assets will be combined to form a new company, and with SAIC's assets, brands, technology and so on in the new company.　　As a result, GM's bankruptcy has no real impact on the company, and sales of GM in Shanghai are still good. For the South Korean Ssangyong car, Chen Hong seems quite a bit helpless. According to him, the company has hired PwC to audit the company, and the result is that SAIC's previous management was no fault. Before that, South Korean union officials pointed the finger at SAIC, it is believed that SAIC will be the company's technology secretly transfer, hollowed out the company; Secondly, Ssangyong's continuous operation of the value of the company is greater than the value of bankruptcy liquidation, at present, Ssangyong's car value of more than 900 billion won; third, Ssangyong motor needs large-scale structural adjustment,　　More than 2,700 people need to be laid off, and more than 200 million more to finance.　　Chen Hong said that May 22, Ssangyong Motor held the first meeting of the people, the next relationship meeting will be held in September this year, will judge the feasibility of the Retrogradation plan. Mr. Peak, the company's finance director, said the company's investment in Ssangyong's cars amounted to 36 billion, which is now 3.076 billion, and the remaining 600 million will be carefully taken into account. For the 3 billion mentioned, if Ssangyong motor in the future can continue to operate, or we in the Korean market in the two level, the company will return to the current profits.