Brief: Electrameccanica Announces Cost Reduction Initiatives To Streamline And Accelerate Onshore Manufacturing
23/12/2022 24:11
Dec 22 (Reuters) - Electrameccanica Vehicles Corp
SOLO.O :
* ELECTRAMECCANICA ANNOUNCES COST REDUCTION INITIATIVES TO
STREAMLINE AND ACCELERATE ONSHORE MANUFACTURING
* CO CURRENTLY HAS ELECTED TO RESIZE ITS WORKFORCE, LOWERING
ITS
HEADCOUNT BY 98 POSITIONS
* ELECTRAMECCANICA - THIS RESIZING REDUCES EMPLOYEE BASE
OUTSIDE
ARIZONA BY 57% AND IMPROVES OPERATING COSTS BY APPROXIMATELY $10
MILLION ANNUALLY
* CEO SUSAN DOCHERTY APPOINTED TO ELECTRAMECCANICA BOARD
Source text for Eikon: ID:nBw6NhZSta
Further company coverage: SOLO.O
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