Tesla, a leading electric vehicle manufacturer, announced its intention to cut 400 jobs at its gigafactory located near Berlin, Germany. The company attributed this decision to the current challenges faced by the electric car sales market. Tesla plans to implement these cuts through a voluntary program, aiming to avoid forced layoffs.
The Gruenheide site, where Tesla’s German gigafactory is situated, employs a workforce of over 12,000. Last week, the carmaker announced the separation from around 300 temporary workers, in line with its global plans to reduce its workforce by approximately 10%. Tesla emphasized its commitment to efficient production and indicated that any potential gains from the job cuts would lead to adjustments in the utilization of temporary labor in the future.
The news of job cuts in Germany emerged ahead of Tesla’s first-quarter results, which are expected to be released later on Tuesday. Investors are anticipating that the group’s gross profit margin may be the lowest in over six years due to the decline in global demand for electric vehicles.
