Canoo put staff on a ‘necessary unpaid break’ after pausing work at Oklahoma factories this week

After saying this week that it , EV startup Canoo emailed remaining staff to tell them they had been being positioned on a “necessary unpaid break” and can be locked out of the corporate’s methods on the finish of the day Friday, stories. The e-mail considered by TechCrunch reportedly mentioned the break would final no less than by the tip of the yr. Canoo introduced on Wednesday that it was idling its Oklahoma factories “whereas it really works to finalize securing the capital obligatory to maneuver ahead with its operations.”

Canoo has confronted , and the departure of a number of executives during the last yr. It it was furloughing 30 staff simply this fall. Canoo’s announcement on Wednesday mentioned that the corporate is now in “superior discussions with varied capital sources.” In an announcement concerning the cuts, Canoo mentioned, “We remorse having to furlough our staff, particularly throughout the holidays, however we’ve got no alternative at this level. We’re hopeful that we will convey them again to work quickly.”