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.