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Report: Tesla Hikes Pay 30% at German Engineering Unit
Tesla Inc. has boosted salaries about 30% for employees at its Tesla Grohmann Automation GmbH unit in Pruem, Germany, the company’s works council tells Reuters.
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Tesla Inc. has boosted salaries about 30% for employees at its Tesla Grohmann Automation GmbH unit in Pruem, Germany, the company’s works council tells Reuters.
Tesla confirms it implemented a new compensation plan retroactive to Oct. 1, but has not confirmed the 30% figure.
The increase follows Tesla’s agreement in April to guarantee the jobs of the German subsidiary’s 650 employees through at least 2022. Reuters says the carmaker also gave each employee €10,000 ($11,900) worth of Tesla stock, a €1,000 bonus and a monthly increase in salary of €150 ($178).
Tesla acquired Grohmann Engineering GmbH—which supplied automated production systems used to assemble the carmaker’s Model S and Model X electric vehicles—in 2016. Renamed Tesla Grohmann Automation, the unit also is heavily involved in the troubled launch of Tesla’s high-volume Model S sedan.
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