Business & Tech

Tesla Expected To Impose Pay Cuts, Furloughs After Coronavirus Shutdown

Elon Musk initially tried to keep the Fremont assembly plant open but was forced to shut down.

CNBC obtained an internal email detailing the plan.
CNBC obtained an internal email detailing the plan. (Maggie Fusek/Patch)

FREMONT (CBS SF) — An email has revealed plans by Tesla to impose paycuts and furloughs starting next week as the automaker struggles with the current coronavirus shelter in place shutdown in California, according to a published report.

CNBC was reporting it has obtained an internal email that lays out the company’s plans on how to weather the economic forced slowdown in production and sales triggered by the virus outbreak that has swept through the San Francisco Bay area, the state and the nation.

Read more at CBS San Francisco

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