EV battery maker SK lays off nearly 1,000 workers at Georgia Plant [CBS News]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: CBS News
The company said Friday marked the last working day for 958 plant employees, about 37% of its workforce, according to a Worker Adjustment and Retraining Notification, or WARN, notice filed by human resources chief Chuck Moore. Impacted workers will be paid through May 6. The plant will continue to employ about 1,600 workers. SK opened the $2.6 billion battery plant in Commerce, Georgia, in January 2022. The Korean company notably supplied the Ford F-150 Lightning electric pickup truck. Ford announced plans to cancel the fully electric version of the truck in December. The news comes as the U.S. electric vehicle market is at a standstill amid the Trump administration steering federal support away from electrification in favor of more lax automotive emissions policies and a broader agenda supporting the oil and gas industries. SK Americas spokesperson Joe Guy Collier said in a statement that the workforce reduction was made to align operations to market conditions. "SK Battery
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RIVN
News
- Rivian's R2 Production Target For 2026 Is Mighty Ambitious [Yahoo! Finance]Yahoo! Finance
- OSHA probing fatality at Rivian warehouse [TechCrunch]TechCrunch
- Nearly 1,000 workers laid off at SK Battery plant in Georgia as companies cancel EVs and Trump Admin eliminates auto company incentives [Fortune]Fortune
- SK lays off nearly 1,000 workers at Georgia plant amid cooling automaker EV plans [Yahoo! Finance Canada]Yahoo! Finance Canada
- SK lays off nearly 1,000 workers at Georgia plant amid cooling automaker EV plans [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 2/12/26 - Miss
RIVN
Sec Filings
- 3/5/26 - Form 4
- 3/5/26 - Form 4
- 3/5/26 - Form 4
- RIVN's page on the SEC website