Today, Chen Hong, chairman of SAIC Motor, revealed that the company will deepen the reform of state-owned enterprises and implement the professional manager system. SAIC will comprehensively strengthen the incentive and constraint withdrawal mechanism of the cadre team, and most of the income of cadres will come from floatable incentive salaries; a certain proportion of cadres will be eliminated from the last place every year. In addition, SAIC Motor previously repurchased the company's shares in a centralized auction transaction until the expiration of the repurchase period in January 2021, during which a total of 2.247 billion yuan of funds were used to repurchase 108 million shares of the company's shares. This part of the repurchased shares paved the way for a new round of core employee equity incentive plans. (Securities Times)
![Closing the factory with a big layoff, signing a military order to break Loulan SAIC Chen Hong is really anxious this time[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)