FAW Toyota's Beijing headquarters will move to Tianjin, employees will receive N+7 compensation

FAW Toyota's Beijing headquarters will be relocated to the Tianjin plant. For employees who do not want to move, the company will provide a maximum compensation of N+7. FAW Toyota has been reported several times this year to be planning to close its sales company headquarters in Beijing and move to Tianjin. Although Toyota has said that the relocation of the headquarters may still be uncertain, the latest news shows that FAW Toyota's sales headquarters in Beijing will be moved to the Tianjin plant, and the relocation is expected to be completed in the first half of next year.