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World Business Report: First broadcast 2019/01/18 22:32 GMT: Tesla to Cut About 3,000 Jobs

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Germany 'Considers Ban on Huawei' Amid Backlash

First broadcast 2019/01/18 22:32 GMT

First broadcast 2019/01/18 22:32 GMT: Tesla to Cut About 3,000 Jobs

Tesla to Cut About 3,000 Jobs

BBC World Service - World Business Report, Tesla to Cut About 3,000 Jobs

Elon Musk's Tesla to cut about 3,000 jobs as cars 'too expensive'

Electric carmaker Tesla has said it will cut its workforce by 7% after the "most challenging" year in its history. But in an email to staff, founder Elon Musk said that growth had been strong. We hear from Caroline O'Donovan, Tesla reporter for the Buzzfeed. Also in the programme, Europe's Ryanair airline has just issued a profit warning. Sally Gethin of the Gethin's Inflight News blog tells us why the company faces difficulties. We have a report from Michigan on the health of the US economy. We take a look at the companies getting on board with Veganuary, where people try veganism for a month, to boost sales. Plus we look back at the rest of the week's big business stories with independent business commentator Patricia O'Connell in New York, and Max Colchester of the Wall Street Journal in London.

(Picture: A Tesla Model S. Picture credit: Justin Sullivan/Getty Images)

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First broadcast 2019/01/18 22:32 GMT: Tesla to Cut About 3,000 Jobs

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