Advertisement
Canada markets open in 3 hours 55 minutes
  • S&P/TSX

    21,714.54
    -297.08 (-1.35%)
     
  • S&P 500

    5,035.69
    -80.48 (-1.57%)
     
  • DOW

    37,815.92
    -570.17 (-1.49%)
     
  • CAD/USD

    0.7259
    -0.0002 (-0.02%)
     
  • CRUDE OIL

    80.44
    -1.49 (-1.82%)
     
  • Bitcoin CAD

    78,920.45
    -6,287.12 (-7.38%)
     
  • CMC Crypto 200

    1,231.56
    -107.50 (-8.02%)
     
  • GOLD FUTURES

    2,297.90
    -5.00 (-0.22%)
     
  • RUSSELL 2000

    1,973.91
    -42.12 (-2.09%)
     
  • 10-Yr Bond

    4.6860
    +0.0720 (+1.56%)
     
  • NASDAQ futures

    17,441.50
    -129.75 (-0.74%)
     
  • VOLATILITY

    15.99
    +0.34 (+2.17%)
     
  • FTSE

    8,154.83
    +10.70 (+0.13%)
     
  • NIKKEI 225

    38,274.05
    -131.61 (-0.34%)
     
  • CAD/EUR

    0.6801
    -0.0001 (-0.01%)
     

Tesla says 300 subcontracted workers let go in Germany

FILE PHOTO: Tesla hands over first cars produced at new plant in Gruenheide

BERLIN (Reuters) - Tesla has let go of 300 temporary workers in Germany in keeping with their contract period, the e-car maker said on Thursday, amid a drive by the company to slim down its global workforce by 10%.

"These are not layoffs of Tesla workers," said a spokesperson for the company in Germany, where it operates its European gigafactory.

"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 added in an emailed statement to Reuters.

(Reporting by Christoph Steitz, Writing by Rachel More, Editing by Miranda Murray)