Hi Welcome You can highlight texts in any article and it becomes audio news that you can hear
  • Sun. Oct 6th, 2024

Tesla to furlough employees, cut staff member salaries due to coronavirus

Tesla to furlough employees, cut staff member salaries due to coronavirus

( Reuters) – Tesla Inc ( TSLA.O) informed employees on Tuesday it would furlough all non-essential workers and implement income cuts during a shut down of its U.S. production facilities due to the fact that of the coronavirus outbreak.

FILE PHOTO: A view of Tesla Inc’s U.S. automobile factory in Fremont, California, U.S., March 18,2020 REUTERS/Shannon Stapleton/File Picture

Tesla said it planned to resume regular operations on Might 4, barring any considerable modifications, according to an email sent out to U.S. employees by internal counsel Valerie Capers Worker, which was viewed by Reuters.

The company, which suspended production at its San Francisco Bay Area vehicle and New York solar roofing tile factories on March 24, said in the email the choices became part of a more comprehensive effort to handle expenses and achieve long-lasting strategies.

Tesla did not immedia

Find Out More

You missed

Click to listen highlighted text!