VinFast cutting 80 jobs amid North American restructuring

Electric vehicle maker VinFast is trimming its headcount in Canada and the U.S. as the company restructures its operations in North America.

News outlets, including Bloomberg, reported on Feb. 7 that approximately 80 workers are affected by the reduction.

The cuts come after VinFast announced in a news release on Jan. 25 that it’s merging its Canadian and U.S. strategic business and management operations into a single unit, which will be called “VinFast North America.”

“[VinFast North America] will be headquartered in Los Angeles, California,” the release reads.

“VinFast Canada will become a member company under VinFast North America, responsible for sales, service and distribution in the Canadian market.”

The company added that Van Anh Nguyen has been named CEO of VinFast North America. Nguyen will also remain at the helm of VinFast U.S. – Manufacturing.

According to LinkedIn, VinFast employs more than 200 people in Canada and U.S.

Canadian impact

It remains unclear how many Canadian workers are affected by the latest round of cuts at VinFast.

However, a source tells Auto123.com that around 30 employees, or 30 per cent of the company’s workforce in the country, have been let go.

Matthew Veenbaas, a technical training manager in Kitchener, Ontario, shared on LinkedIn that he no longer works for VinFast.

Currently headquartered in Burnaby, British Columbia, VinFast Canada has stores in several major Canadian cities, including Toronto, Mississauga, Oakville, Guelph, Surrey, and West Vancouver.

📺 WATCH: Everything You Need to Know About Mass Terminations

Lost Your Job? Get Help Now

📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.

If you’ve lost your job at Vinfast for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.