General manager and other senior executives need to re compete for employment Chongqing Changan Automobile Company Limited(000625) to meet the personnel earthquake?

At the beginning of the year of the tiger, Chongqing Changan Automobile Company Limited(000625) drastic personnel reform attracted attention. According to the “Chang’an party propaganda”, Chang’an officially launched personnel reform from February 8. All senior managers below the general manager, party masses and management personnel will be dismissed and re employed.

All the employees of the second level of higher vocational education shall be re employed and dismissed first. Insiders said that the scope and strength of this round of personnel “earthquake” are “unprecedented” in Chongqing Changan Automobile Company Limited(000625) history.

Zhu Huarong, chairman of the board of directors of Chongqing Changan Automobile Company Limited(000625) stressed that this competition for re employment is an inevitable requirement for deepening the reform of the three systems of state-owned enterprises and increasing the reform of market operation mechanism. It is also an inevitable requirement for realizing the high-quality development of the company’s transformation and upgrading. It is also an all-round stimulation of the work enthusiasm of cadres and employees who are brave in responsibility and good at action, and strive to create a realistic and pragmatic environment It is an important measure to improve the entrepreneurial atmosphere.

“The company will create a fair, open, transparent and dynamic selection and employment situation, truly stimulate the vitality of cadres and employees through talent structure adjustment and transformation, establish a young cadre team that dares to innovate, dare to take responsibility and can do things, promote and ensure the achievement of strategy, and realize the win-win situation of company value and employee value.” Zhu Huarong said.

In particular, the adjustment of the employment system, in addition to considering the post ability, will also be comprehensively examined from the dimensions of younger cadres, knowledge structure and personality characteristics, so as to provide growth opportunities for outstanding cadres who are brave in innovation, take the initiative, dare to work hard, good at learning, recognizing and practicing Chang’an leading culture.

According to the data, the sales volume of Chongqing Changan Automobile Company Limited(000625) in 2021 was outstanding. The annual sales volume of the group exceeded 2.3 million, with a year-on-year increase of 14.8%, exceeding the annual task. The sales volume of Changan Chinese brand passenger cars was about 1204200, with a year-on-year increase of 23.08%, ranking third in the annual sales volume of Chinese brand passenger cars.

Although the sales volume has been boosted, the response of the capital market to Chongqing Changan Automobile Company Limited(000625) is not strong. Since the market value exceeded 170 billion yuan in 2021, Chongqing Changan Automobile Company Limited(000625) has fallen all the way. At present, it has fallen below 100 billion yuan. As of the time of publication, the market value of Chongqing Changan Automobile Company Limited(000625) was only 98.989 billion yuan, significantly lagging behind Geely, great wall and other peer enterprises.

In January 2022, Chongqing Changan Automobile Company Limited(000625) held a senior staff and staff congress, which spoke highly of the internal departments and employees who made outstanding contributions and rewarded them with millions, tens of millions, real cars and other rich rewards. The wide range of rewards and the large amount of bonus also shocked the peers.

For this round of competition, China new finance also contacted Chongqing Changan Automobile Company Limited(000625) relevant personnel. The other party said that the competition is still in progress, and an announcement will be issued as soon as the personnel are adjusted. Zhongxin finance and economics will continue to pay attention to this matter.

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