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Fisker terminates 75% of workforce in effort to stave off potential bankruptcy
2013-04-05 22:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Fisker, the struggling, US government-backed hybrid sports car maker, terminated most of its rank-and-file employees on Friday, in a last-ditch effort to conserve cash and stave off a potential bankruptcy filing, sources said. In a statement, Fisker confirmed that it let go about 75% of its workforce. The automaker said it was "a necessary strategic step in our efforts to maximize the value of Fisker's core assets." A Fisker representative could not immediately answer questions on the company's...
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Category:Electronics and Electrical