Tesla reportedly seeks rent reductions after coronavirus-linked staff pay cuts and furloughs

South Africa News News

Tesla reportedly seeks rent reductions after coronavirus-linked staff pay cuts and furloughs
South Africa Latest News,South Africa Headlines
  • 📰 Newsweek
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 52%

'We would like to inform you that we will be reducing our monthly rent obligations effective immediately,' Tesla executives reportedly wrote in a letter to some of its landlords.

maintained by Johns Hopkins University.

The virus, responsible for at least 23,000 U.S. deaths according to the map, has caused companies across all industries to furlough employees and enact cost-saving measures in anticipation of further economic troubles. Tesla, which operates multiple U.S. plants, has been no exception.published in full byThe note confirmed any employees who could not work from home and had not been given critical work were being furloughed, while pay would be temporarily cut for salaried employees.

"Under furlough, you remain an employee of Tesla and retain healthcare benefits. You will not report to work until the furlough ends and you are directed to return by management, which we expect to be May 4," Workman's email elaborated."We continue to monitor the situation closely, and our top priority is to ensure the safety of our employees. As usual, for those who are onsite, if you are sick or are uncomfortable coming to work, please contact your manager and stay at home.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Newsweek /  🏆 468. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Roku, AMC, Tesla and moreStocks making the biggest moves after hours: Roku, AMC, Tesla and moreCheck out the companies making headlines after the bell.
Read more »

Tesla Seeks Rent Savings Amid Coronavirus CrunchTesla Seeks Rent Savings Amid Coronavirus CrunchThe Silicon Valley electric-car maker, which operates its own stores and service centers, told its landlords it would like to discuss options “so we can continue to partner and work together to ensure a continued and mutually beneficial relationship.”
Read more »

Tesla Seeks Rent Savings Amid Coronavirus CrunchTesla Seeks Rent Savings Amid Coronavirus CrunchThe Silicon Valley electric-car maker, which operates its own stores and service centers, told its landlords it would like to discuss options “so we can continue to partner and work together to ensure a continued and mutually beneficial relationship.”
Read more »

L.A. County coronavirus deaths reach 320 on a day when lowest number of new cases is reportedL.A. County coronavirus deaths reach 320 on a day when lowest number of new cases is reportedL.A. County confirms 25 new coronavirus-linked deaths and a jump in the mortality rate to 3.4%.
Read more »

L.A. voters lack confidence in Trump's coronavirus performance, give Newsom, Garcetti high marks, poll findsL.A. voters lack confidence in Trump's coronavirus performance, give Newsom, Garcetti high marks, poll findsCoronavirus: L.A. voters lack confidence in Trump's coronavirus performance, give Newsom, Garcetti high marks
Read more »

ESPN asks commentators to take a 15% pay cut because of coronavirusESPN asks commentators to take a 15% pay cut because of coronavirusWith the sports world on hold because of the coronavirus pandemic, ESPN is asking its commentators to take a pay cut.
Read more »



Render Time: 2025-03-10 17:09:54