SK Battery America lays off nearly 1,000 workers at Georgia plant [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
SK Battery America, a subsidiary of South Korea-based SK On, is laying off hundreds of workers from its production facility in Commerce, Georgia, as electric vehicle battery demand slows and federal incentives dry up. The Lithium-ion battery producer filed a Worker Adjustment and Retraining Notification on Friday, notifying Georgia of job cuts affecting 958 people. The company also notified affected workers that they will receive pay and benefits for the next 60 days, a spokesperson confirmed to Manufacturing Dive via email. Friday, March 6, was their last day of work. The Commerce site had 2,566 workers and the reductions brought the headcount to 1,600. Joe Guy Collier, SK America's spokesperson, said the company will work with the affected workers during the transition. “SK Battery America remains committed to Georgia and to building a robust U.S. supply chain for advanced battery manufacturing,” the company said in a statement. “We are pursuing a range of future customers,
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