Tesla boss Musk is reacting to the slump in the electric car market with radical staff cuts. The German location in Grünheide is hit hard.

Around 3,000 of the 12,500 employees at the Gigafactory Berlin-Brandenburg are expected to lose their jobs. In the meantime, the US company had even been replaced by its Chinese competitor BYD as the largest electric car manufacturer in the world. The layoffs at Tesla had been announced - and not just because of the slumped in the market for electric cars. The company employed a good 140,000 people worldwide at the end of last year. There are now 14,000 jobs available. The first affected people are said to have already been informed. The US portal Electrek, which specializes in news about electromobility, was the first to report on it, but spoke of up to 28,000 workers who could lose their job. In GrüNheide, several departments canceled internal celebrations last week. Employees are also said to be informed that shifts at crucial points in production would be shortened or canceled.