UK electric van start-up Arrival has warned it might have to lay off almost 800 employees as part of a cash-saving exercise to enable it to fulfil its plan to start production in autumn this year.
The company has proposed a reorganisation of its business “in response to the challenging economic environment”, it said in a statement to investors. The reorganisation “could potentially impact up to 30% of employees globally”, it added.
Get the full story
Sign up for free and enjoy access to our in-depth features, expert opinions and Autocar Business stories.
Already registered? Log in
