Report Revivivian to be fired | Local business

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Standard – Rivian Automotive is planning hundreds of strikes, Bloomberg reported for the first time on Monday, citing unnamed “people who know about it.”

It is not immediately clear whether there will be any impact on the company’s regular operations. “At the moment, we have nothing to add,” said Miranda Jimenez, a corporate communications executive.

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The rumor mill is expected to focus on non-manufacturing roles, according to Bloomberg, which could affect 5% or 700 of the company’s 14,000 employees. According to Bloomberg sources, the strike could be announced in the next few weeks.

The headquarters of the electric vehicle manufacturer is located in California. A.D. It manufactures vehicles at its factory in the west of Normal in 2017. It has hired more than 5,800 people since last month.

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Rivian has been planning to expand the factory. The projects include an increase in plant space as well as wind turbines.

Rivian also plans a manufacturing plant in Georgia, where it is receiving $ 1.5 billion in funding from state and local governments.

The company launched its IPO in November. However, after the initial increase of more than $ 170 per share, shares fell. On Friday, the stock was trading at $ 31.99.

Production is lower than expected, and company officials say it is a supply chain problem.

Rivian is not alone in the electric vehicle space at the moment, according to Bloomberg. Tesla plans to lay off salaried employees.

When Ford’s new EVE arrived in Illinois, Rivian faced competition.

Contact Connor Wood at (309)820-3240. Follow Connor on Twitter: @connorkwood

Contact Jack Alkire at (309)820-3275.

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