David Butow/Corbis News via Getty Images
Tesla will temporarily reduce employees’ salaries and will furlough non-essential workers.
The company made the announcement in an email sent out to employees by the company’s head of North American HR on Tuesday, CNBC reported.
According to the email, Tesla will begin implementing certain cost-cutting measures starting on April 13 and plans to resume normal production at its US facilities on May 4.
Visit Business Insider’s homepage for more stories.
Tesla announced to employees on Tuesday morning that it will be temporarily reducing salaries and will furlough non-essential workers as the automaker curbs its production of new cars due to COVID-19.
In an email sent out to employees by the company’s head of North American HR and in-house counsel Valerie Workman, that was published by CNBC, Tesla told employees that some jobs would be impacted as it continues to keep”only minimum critical operations running.” See the rest of the story at Business Insider
NOW WATCH: A 45-year-long study discovered trends in successful hyper-intelligent children
See Also:
The city of Wuhan officially lifted its lockdown after 76 days, but leaders warn:’We must not relax’New Zealand demoted its health minister once that he took his family to the beach on the first weekend of the Nation’s coronavirus lockdownTrump has a distant financial link to a pharma giant Which Makes the medication he’s been pushing to fight COVID-19 — but it’s probably worth less than 1,000
Article Source and Credit feedproxy.google.com http://feedproxy.google.com/~r/businessinsider/~3/dugmQiBXuH8/tesla-cutting-salaries-furlough-non-essential-employees-coronavirus-2020-4 Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com
Leave a Reply
You must be logged in to post a comment.