Volkswagen launches inquiry into Changzhou supplier following mass graduate lay-offs

After significant lay-offs by a key Chinese auto supplier in Changzhou city of Jiangsu province involving over a hundred new graduates sparked nationwide outrage and forced Volkswagen to launch an investigation, analysts note the episode could lead to an overhaul of corporate-governance practices across China’s enterprises. At the centre of the controversy is Changzhou Xingyu Automotive Lighting System, China’s biggest manufacturer of auto lighting components by revenue, based in Jiangsu...