Toyota Dismisses About 1,000 Factory Contract Workers in China

Toyota Motor Corp. has dismissed roughly 1,000 contracted factory workers in China as the world’s top-selling automaker adjusts production in a market that’s rapidly transitioning to electric vehicles.

Staff at a joint venture between the Japanese carmaker and Guangzhou Automobile Group Co. were let go before the expiration of their contracts “in light of the current production situation,” a Toyota spokesperson said.