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International Business Times UK
International Business Times UK
Business
Vinay Patel

'Quit Or Accept Minimum Wage': Chinese Company's Ultimatum To 1000 Autoworkers As EV Sales Drop

China's carmakers grapple with oversupply. Factories idle, workers face cuts, as cheap exports raise global competition concerns. (Credit: YouTube Screenshot / CNBC)

Amid China's struggles with excess manufacturing of various products, workers at a domestic auto plant are confronted with a tough decision regarding their employment.

According to a Tuesday interview with Nikkei, Lisa, a factory worker at the Li Auto Factory and a newlywed bride, stated that over 1,000 employees, including herself, were presented with the option to either resign or accept minimum wage until business conditions pick up.

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