Electric-vehicle maker VinFast has cut about 80 jobs in North America, including its U.S. chief financial officer, raising questions about the health of the Vietnamese company ahead of a possible stock listing.
While VinFast has yet to confirm the total number of affected employees in Canada, a source told Automotive News Canada that about 30 of about 100 employees in Canada were let go Feb. 2. VinFast, part of Vietnam’s biggest conglomerate and backed by the country’s richest person, said late last month it was consolidating its U.S. and Canadian strategic business and management operations into a single unit called VinFast North America, headquartered in Los Angeles. Van Anh Nguyen was named CEO of the new entity, while maintaining her role as CEO of VinFast U.S. Manufacturing, the company said.
In response to questions from Bloomberg News, Vinfast said the restructuring was aimed at better serving customers in the region, and that it has been working with local service providers to improve efficiency. “This also leads to the streamlining of our North American operations and there are certain departments affected by this,” the EV maker said in an email.The company is waiting for regulatory approval to begin construction of a $4-billion vehicle assembly plant in North Carolina.
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: AutoNewsCanada - 🏆 77. / 51 Read more »
Source: SooToday - 🏆 8. / 85 Read more »