job cuts


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Tesla job cuts

Job cuts have been made by Tesla company-wide, according to a statement on Saturday by the electric vehicle manufacturer.

The Palo Alto-based company confirmed the cuts but did not disclose how many of its 33,000 workers would be affected.

According to reports, it is estimated by former employees that as many as 400 to 700 employees may have been fired from a range of roles including administration, sales and manufacturing.

Meanwhile, an unspecified number of workers received bonuses and promotions following their reviews, according to the company.

The company said earlier in the month that “production bottlenecks” had left Tesla behind its planned ramp-up for the new Model 3 mass-market sedan.

The company delivered 220 Model 3 sedans and produced 260 during the third quarter. In July, it began production of the Model 3, which begins at (US)$35,000.

However, targets were missed for producing vehicles to a waiting list of more than 450,000 customers.

According to a statement from the company, the decision was made in order to boost morale, as high-performing employees have been rewarded.

Despite the mass firings, Tesla plans to hire hundreds more workers in the near future.

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Cox job cut won’t affect Manheim NZ

Cox Automotive is cutting three per cent of its global workforce, however this is not set to affect the New Zealand company Manheim, which is owned by the business.

Cox Automotive operates AutoTrader, Kelley Blue Book and other auto industry businesses such as used car auction firm Manheim. A statement from the business said that the cuts total about 950 positions.

The layoffs come about two years after Cox completed its largest acquisition – a $4 billion purchase of Dealertrack Technologies, which provides software, marking and e-commerce services for car dealers.

Cox Automotive has about 35,000 employees. Its businesses also includes inventory financing company NextGear Capital.

“These changes, while difficult, will help us fuel more innovation, drive more growth and deliver the elegant, connected experience we’ve promised to our clients and the industry,” Lou Laste, a spokesman, said in a statement.

Communications director for Cox Automotive Australia and New Zealand says that over the past few years, the company has acquired multiple contracts and grown significantly. “With growth there is always going to be room for better efficiencies and the company is doing the hard work of integration and consolidation.”

He says that healthy companies have a focus on continuous improvement, adaption and change and these include costs reductions, in order to stay competitive. “While there is a global focus at the moment, the plans do not impact on the Manheim operations in New Zealand.”

“We do not take these decisions about job impacts lightly and will remain true to our values, treating everyone with dignity, fairness and respect throughout this process,” said Laste.

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GM job cuts

Job cuts are imminent at General Motors, with plans to cut 2,084 jobs at its assembly plants in Lordstown, Ohio and the Lansing Grand River plant in Michigan.

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