The electric truck manufacturer cut about 840 nonmanufacturing jobs out of 14,000 positions companywide.
Workers build chassis at an assembly line April 11, 2022, at the Rivian electric vehicle plant in Normal. About 50 nonmanufacturing employees were laid off from the plant July 27, 2022.
California-based Rivian had about 6,000 employees at its sole assembly plant in Normal and about 14,000 across the company, before implementing the restructuring plan Wednesday. The layoffs did not affect manufacturing operations, the company said.Citing challenges in obtaining additional financing in the current economic environment, Rivian CEO and founder R.J. Scaringe notified employees of the staffing cuts in a companywide letter Wednesday.
The employees who were laid off were notified Wednesday, and will receive a severance package that includes 14 weeks of regular pay and health coverage, Rivian-paid COBRA benefits and job-placement assistance, Scaringe said in his letter, which was obtained by the Tribune. The company has built about 8,000 EVs, or electric vehicles, through the second quarter, with a scaled-back target of 25,000 vehicles this year. The Normal plant has an annual capacity of 150,000 vehicles and ramping up production remains Rivian’s priority over the next 18 months, Scaringe said in the letter.
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