Delta Electronics Inc., a producer of power components for Tesla Inc. (NASDAQ: TSLA) and Apple Inc. (NASDAQ: AAPL), has cut its workforce in China by about half, the Financial Times reported Thursday. What Happened: Yancey Hai, Delta's chairman, told Financial Times in an interview that the company's target is to cut its direct labor force in China by 90 percent.
Tesla, Apple Power Component Supplier Slashes China Workforce By About Half