Tesla is cutting salaries and furloughing workers to ‘manage costs’ during pandemic [The Verge]
Honda Motor Company, Ltd. (HMC)
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Source: The Verge
Starting April 13th, is cutting pay for all salaried employees in the US and placing hourly workers who can’t work at home during the coronavirus pandemic on unpaid leave, according to an internal email that was viewed byThe VergeSalaried employees at the vice-president level and above will have their pay cut by 30 percent, according to the email, which wasfirst reported by ElectrekIt’s unclear how many hourly workers will be placed on unpaid leave. But it is likely a significant number, as said that anyone who cannot work from home and has not been given “critical work” to do at one of the company’s facilities will be affected by the furlough. employs around 50,000 people worldwide.There is no specific mention of CEO Elon Musk in the email. Musk, whounderplayed the coronavirus threat in Marchhe has not accepted the state-mandated minimum wage salaryA “shared sacrifice”Valerie Capers Workman, the company’s North American HR boss, said in the email that these workers will
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HMC
News
- Nine Finalists Selected for North American Car, Truck and Utility Vehicle of the Year™ Awards [Yahoo! Finance]Yahoo! Finance
- ASEAN market projections up despite recent market decline [Yahoo! Finance]Yahoo! Finance
- Honda hopes to double EV driving range with solid-state batteries, R&D chief says [Yahoo! Finance Canada]Yahoo! Finance Canada
- Honda hopes to double EV driving range with solid-state batteries, R&D chief says [Yahoo! Finance]Yahoo! Finance
- Honda has a plan to build solid-state batteries for EVs [Verge, The]Verge, The
HMC
Sec Filings
- 11/15/24 - Form 6-K
- 11/6/24 - Form 6-K
- 10/25/24 - Form 6-K
- HMC's page on the SEC website