Automobile majors have little to worry about

Even as most of the multinational automobile manufacturers are planning heavy workforce cuts worldwide, employees in their China units have not much to worry on the job front.

PSA Peugeot Citroen, Europe's second-biggest carmaker, is the only foreign automaker which has so far said it would trim its headcount in China.

It has cut 1,000 temporary staff at its Chinese venture Dongfeng Peugeot Citroen last November after vehicle sales declined.