EV Company Fisker Lays Off Hundreds in Desperate Bid to Stay Afloat

Electric vehicle startup Fisker has recently laid off hundreds of employees as it grapples with financial challenges and seeks potential funding, a buyout, or prepares for bankruptcy.that in a desperate attempt to stay afloat, struggling EV startup Fisker has resorted to mass layoffs, cutting hundreds of jobs in a bid to survive its current financial crisis.

Vice President Joe Biden speaks about the announcement that Fisker Automotive will produce plug-in hybrid electric vehicles at the former General Motors Boxwood Plant, Tuesday, Oct. 27, 2009, in Wilmington, Del. Despite the widespread layoffs, Henrik Fisker maintained a somber yet determined tone during the call, as reported by sources. He acknowledged that the company had built “something great” and expressed the intention to continue selling the Ocean SUV to interested buyers. Fisker also suggested that laid-off workers might be re-hired once the company regains its footing.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Unleashed Brands lays off 48 workers in Tarrant County, citing company reorganizationThe company said in a statement it needed to reevaluate its business needs and future strategy.
Source: dallasnews - 🏆 18. / 71 Read more »

SunPower solar company lays off 71 employees in Santee officeThe cuts are part of a larger restructuring effort by the company based in Silicon Valley
Source: sdut - 🏆 5. / 95 Read more »

Grand Prairie truck company lays off over 150 workers as it shutters doors to headquartersA Grand Prairie trucking company has shuttered its headquarters in the city and has laid off over 150 workers.
Source: dallasnews - 🏆 18. / 71 Read more »

Report Claims Fisker Using Prototype And ‘Graveyard’ Parts To Fix Customer Cars, Company DeniesSources say that Fisker is reusing windshields, body control modules, seat sensors and more to repair customer vehicles
Source: Carscoop - 🏆 306. / 63 Read more »