Tesla cuts pay, furlough hourly workers until May 4


In a bid to manage cost, Tesla (NASDAQ:TSLA) will furloughs all hourly workers until May 4, as it expects to resume normal production at U.S. facilities on May 4.

30% pay cut for Vice Presidents and above, 20% for Directors and 10% for everyone else for all the U.S. employees, while there will be comparable reductions for non U.S. employees. Pay cuts to stay effective until the end of Q2.

Prior: Tesla letting off contract workers at US car and battery plants

Source





READ SOURCE

READ  US raider Coast Capital in the driving seat at FirstGroup after boosting stake further

LEAVE A REPLY

Please enter your comment!
Please enter your name here