*TESLA SHANGHAI FACTORY WORKERS APPEAL TO ELON MUSK ON BONUS CUTS $TSLA
SHANGHAI -Tesla's Shanghai factory workers took to social media to appeal to Elon Musk and the Chinese public after being told at the weekend about cuts to their performance bonuses, according to online posts and employees who spoke to Reuters.
It comes as Tesla has been slashing prices in multiple markets, including China where demand has been weakening, which has raised concerns about its industry-leading profit margin. Two workers at the plant, where Tesla employs around 20,000, told Reuters they were informed by their supervisors over the weekend about a cut to their quarterly bonus payout, which is linked to the factory's performance.
According to a report published by the local Pudong government on April 12, there was a mechanical accident in the welding workshop at Tesla's Shanghai plant on Feb. 4 that killed one worker. Before tax, workers can earn around 110,000-120,000 yuan a year, including bonuses and overtime pay, according to a recruitment post on state-owned Lingang Group's official Wechat account, which provides hiring services for companies in the region. That level of pay is in line with other international and Chinese manufacturers in the region.
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