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Stock impact report

Battery manufacturer Amplify Cell to cut 73 jobs in North Mississippi [Yahoo! Finance]

PACCAR Inc. (PCAR) 
Last paccar inc. earnings: 1/28 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: paccar.com/investors
Company Research Source: Yahoo! Finance
On March 31, Amplify Cell Technologies filed a Worker Adjustment and Retraining Notification (WARN) notice with the Mississippi Department of Employment Security for its Marshall County facility at 38 Curl Road in Byhalia. According to the WARN notice, 73 employees will be impacted "due to changing environments." The layoffs will begin on May 30, according to the notice filed with the state. Amplify Cell Technologies and Mississippi Development Authority representatives could not be reached for comment. Amplify Cell was founded in 2024. The company's launch was part of a joint venture formed by Accelera (via Cummins), Daimler Truck North America, and PACCAR. In June 2024, Amplify Cell announced former Ford BlueOval executive Kel Kearns, was joining the company as chief executive officer The company has plans in place to build a 21-gigawatt factory in Marshall County with production on electric vehicles and batteries at the site beginning in 2027. In 2024, the $1.9 billion i Show less Read more
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