The job cuts raise questions about the health of the Vietnamese company ahead of a possible stock listing.
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 US CEO Giang Nguyen has been reassigned to be deputy CEO of VinFast North America, according to the people.
It said in December it had filed for an initial public offering to list on the Nasdaq under the ticker symbol"VFS" to fund its expansion.
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