Stock

Tesla increases wages at German gigafactory by 4%

1 Mins read

BERLIN (Reuters) – Tesla (NASDAQ:TSLA) has raised the wages of all employees at its gigafactory outside Berlin by 4% since the start of November, the U.S. carmaker said on Tuesday.

“Immediately after the announcement of the transfer of 500 temporary workers to permanent, unlimited employment contracts, this is further particularly welcome news for our workforce – especially at a time when many companies in the German automotive industry are talking about job cuts and plant closures,” said human resources director Erik Demmler.

This post appeared first on investing.com

Related posts
Stock

UMG shares rally after new multi-year pact with Spotify

1 Mins read
Investing.com — Universal Music Group (AS:UMG) and Spotify (NYSE:SPOT) have announced a new multi-year deal for recorded music and publishing, the companies…
Stock

British Land stock drops following stake sale

1 Mins read
Investing.com — Shares of British Land (LSE:LON:BLND) fell 1.5% after the company announced the sale of a 50% stake in Broadgate REIT,…
Stock

Italy’s MPS shares fall ahead of Mediobanca board meeting on bid

2 Mins read
By Giulia Segreti and Valentina Za ROME/MILAN (Reuters) – Shares in Monte dei Paschi (MPS) fell again on Monday, extending Friday’s losses,…

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.