Tesla targeting about 400 voluntary job cuts in Germany

admin admin | 04-24 16:20

The company said it was hoping the cuts at Tesla's Gruenheide site, its only gigafactory in Europe, could be achieved through a voluntary programme.
Tesla is targeting around 400 job cuts at its German gigafactory near Berlin, or about 3% of the plant's total workforce, it said on Tuesday, adding it was hoping to achieve this without forced layoffs.

That is less severe than group-wide efforts to slash over 10% of Tesla's more than 140,000 global employees, a response to an intensifying price war for electric vehicles that is pressuring automakers to reduce costs.

"The currently weakening sales market for electric cars is also presenting Tesla with challenges," the company said in a statement, adding talks were being held with the plant's works council.

The company said it was hoping the cuts at Tesla's Gruenheide site, its only gigafactory in Europe, could be achieved through a voluntary programme.

"I regret the announced job cuts at Tesla in Gruenheide very much. However, I am pleased that this will be implemented with a sense of proportion," said Joerg Steinbach, economy minister of the German state of Brandenburg, where the factory is based.

He said the cuts were "comparatively moderate".

Tesla's Gruenheide site employs more than 12,000 staff and the carmaker last week said it would shed around 300 temporary workers as its global job reduction programme unfolds.

"It is always in our interest to operate our production as efficient as possible," Tesla said.

The news about job cuts in Germany came ahead of first-quarter results expected later on Tuesday, with investors bracing for the group's lowest gross profit margin in more than six years as global demand for electric vehicles ebbs.



Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 1 hour ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 1 hour ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 1 hour ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 1 hour ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 1 hour ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 1 hour ago