Tesla to lay off workers, cut wages due to coronavirus closures: report

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Tesla Inc.
TSLA,
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will cut wages and eliminate non-essential workers at its US facilities until they can reopen amid the coronavirus pandemic, technology news site Protocol reported on Tuesday evening. According to an internal email obtained by Protocol, departures are expected to start on Monday, with the aim of ending on May 4 if the factories reopen as planned. Salaried employees will see temporary pay cuts of 10%, while directors’ salaries will be cut by 20% and executives at the vice president level and above will see 30% cut, Protocol reported. Tesla announced in late March that it would temporarily shut down its auto plant in Fremont and Buffalo, N.Y., a solar panel factory to limit the spread of COVID-19, and last week cut its operations significantly at its gigafactory in Nevada. The Buffalo plant may soon reopen to manufacture fan components.

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