Tesla to release 300 temporary workers in Germany

TOI Business Desk / TIMESOFINDIA.COM / Apr 18, 2024, 14:46 IST

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Tesla has announced the release of 300 temporary workers in Germany as part of its global workforce reduction efforts. The company clarified that these are not layoffs but part of the contractual agreements. Most of the workers have been successfully relocated to new positions with other clients.

Tesla to release 300 temporary workers in Germany

People walk to the Tesla Gigafactory for electric cars in Gruenheide near Berlin, Germany, March 13, 2024. (Photo/AP)

NEW DELHI: Tesla has decided to release 300 temporary workers in Germany as per their contract period, the e-car maker announced on Thursday. The decision aligns with the company's objective to reduce its global workforce by 10 per cent.
"These are not layoffs of Tesla workers," emphasized a spokesperson for the company in Germany, where its European gigafactory is located.

"As far as we are aware, our contractual partner has already been able to transfer the majority of these de-registered temporary workers to new employment with other customers," the spokesperson further said.
CEO Elon Musk on Monday told staff in an internal memo that the company is laying off more than 10 per cent of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles.
Tesla's global job cuts include reducing staff in the US and China, the automakers' two biggest markets, across sales, tech, and engineering.
(With inputs from Agencies)

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TOI Business Desk

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.

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