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Canoo furloughs workers and idles factory
Canoo furloughs workers and idles factory as it scrapes for cash
Struggling EV startup Canoo says it has furloughed 82 employees and is idling its factory in Oklahoma while it grasps for the capital needed to survive.
'We have no choice.' Canoo's capital woes led to furloughs, pause at OKC factory
Canoo announced another round of furloughs Dec. 18. and plans to idle factories in Oklahoma. The company cited capital struggles as the reason.
Canoo Announces Furloughs and Factory Idle as it Focuses on Finalizing Securing Capital
The company is in advanced discussions with various capital sources. Canoo said, “We regret having to furlough our employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon.
7h
on MSN
EV startup Canoo places remaining employees on a ‘mandatory unpaid break’
Struggling electric van startup Canoo has placed its remaining employees on what it’s calling a “mandatory unpaid break” ...
19h
on MSN
Former employee with Canoo prior to Oklahoma relocation says state leaders missed signs company was bad investment
A former Canoo employee, who worked for the company in Arkansas before the State of Oklahoma offered it millions in ...
Stocktwits on MSN
1d
Canoo Faces Tough Choices With More Worker Furloughs, Production Halts — But Retail Sees Glimmer Of Hope
Shares of Canoo, Inc. (GOEV) dropped more than 10% Thursday afternoon after the electric cargo vehicle manufacturer announced ...
KOSU
20h
Electric vehicle company Canoo furloughs 82 employees, pauses operations in Oklahoma City
Electric vehicle maker Canoo says it furloughed 82 of its employees and stopped production at its Oklahoma factory. The ...
1d
on MSN
Former employee: Canoo never built vehicles in Oklahoma, most employees never moved to Oklahoma
A former high-level Canoo employee, speaking exclusively to News 4, says he is not shocked the company, which received major ...
20h
Canoo announces 1-for-20 reverse stock split
Canoo (GOEV) announced that it will effect a 1-for-20 reverse stock split of its common stock that will become effective on December 24 at ...
3d
The Final Stretch? Canoo Is Running Out Of Time And Options
I think Canoo will face issues in raising more funds. Click here to read more about GOEV stock and why I rate it is a Strong ...
2d
EV startup Canoo halts all state operations, furloughs 82 employees
We regret having to furlough our employees, especially during the holidays, but we have no choice,” the company said. A ...
KFOR-TV Oklahoma City on MSN
1d
Former Canoo employee questions state's trust in struggling EV maker
Denis Faoro captured the wild moment on video when he jumped out of a helicopter in his wing suit and flew over the Jungfrau ...
Enid News & Eagle
1d
Canoo closes factories, lays off workers
Dec. 18, 2024, it had furloughed 82 employees and closed factories in Oklahoma City and Pryor while it looks for a new source ...
9h
on MSN
Oklahoma governor reflects on some key issues in 2024, looks ahead to 2025
Governor Kevin Stitt is sharing his response to some key issues in Oklahoma, and how he plans to address them moving forward.
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