VinFast Lets Go 30 Percent of its Employees in canada
• The company is eliminating its Canadian division and integrating it with its U.S. division .
The reason? The company is undertaking a restructuring that will see its Canadian operations merged with those in the United States. The company said in a press release that the goal is to “drive increased efficiency in the use and allocation of resources, while improving VinFast’s operational and financial performance. It added that it is “part of VinFast’s long-term strategy to position the company for greater success in the highly-competitive and dynamic automotive industry.”
Automotive News reported that it sought comment late last week from John Lindo, the company's Canadian spokesperson. At week’s end he was still awaiting official comment from VinFast and could neither confirm nor deny the reports of a merger and firings.
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