Nikola Lays off 400 employees

Share on twitter
Share on linkedin
Share on facebook

The future of up to 400 former Romeo Power Inc. workers is unclear after electric truck maker Nikola Corp. said Friday it would close a practically new battery-making plant in Cypress, California, and move the work to its own assembly plant in Coolidge, Arizona.

Nikola filed a Worker Adjustment and Retraining Notification Act (WARN) notice for the plant that Romeo opened in June, a spokeswoman said. The WARN Act requires most employers with 100 or more workers to provide 60 calendar-day advance notification of planned closings and mass layoffs of employees.

Nikola purchased Romeo, which was on the verge of collapse, in an all-stock deal valued at $144 million in August. At the time, Nikola indicated it planned to keep all of Romeo’s employees.

Related Stories

Follow us for Latest Layoffs Updates & News

Latest Layoffs