Tesla shedding jobs in China as sales target missed
March 9, 2015 7:59 am
Electric vehicle maker Tesla Motors Inc said it is axing jobs in China under a restructuring plan launched earlier this year a sales target is missed in the world’s biggest car market.
The company did not specify the number of jobs they would cut.
Tesla spokesman Gary Tao said the staffing changes are already nearly complete, and some positions are being eliminated while others are added.
China sales have underperformed aggressive targets set by the company, and Chief Executive Elon Musk is prepared to fire overseas executives if they fail to turn around operations in the country, Reuters reported last month, citing sources with knowledge of the matter.
The material has been provided by InstaForex Company – www.instaforex.com
Electric
vehicle maker Tesla Motors Inc said it is axing jobs
in China under a restructuring plan launched earlier this
year a sales target is missed in the world’s biggest car market.
The company did not specify the number of jobs they would cut.
Tesla spokesman Gary Tao said the staffing changes are already nearly
complete, and some positions are being eliminated while others are
added.
China sales have underperformed aggressive targets set by the
company, and Chief Executive Elon Musk is prepared to fire overseas
executives if they fail to turn around operations in the country,
Reuters reported last month, citing sources with knowledge of the
matter.
The material has been provided by InstaForex Company – www.instaforex.com
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