Taxpayer-backed Fisker lays off 75 percent of workforce; poor sales attributed to global shortage of people named Leonardo DiCaprio
**Written by Doug Powers
Fisker Automotive, as you might recall, received hundreds of millions of dollars in US taxpayer backed loans on the promise of manufacturing cars at a Delaware plant, and then promptly — assembled the first line of Gore-Mobiles at a factory in Finland.
Cue the inevitable layoffs:
Fisker Automotive, the struggling, government-backed hybrid sports car maker, terminated most of its rank-and-file employees on Friday, in a last-ditch effort to conserve cash and stave off a potential bankruptcy filing, sources said.
In a statement, Fisker confirmed that it let go about 75 percent of its workforce. The automaker said it was “a necessary strategic step in our efforts to maximize the value of Fisker’s core assets.”
People working two and three jobs to make ends meet must be so happy that their tax dollars were used to subsidize cars for “green” glitterati with guilty consciences while lining the pockets of eco-scammers.
Fisker has also been hit with a lawsuit for violating the WARN Act in its haste to conserve cash:
After losing its driving force, Henrik Fisker, and 75 percent of its employees, Fisker Automotive takes another blow. The fired workers are accusing the automaker of not having notified them in advance, and are calling the company’s action illegal, bringing about a federal lawsuit. Their motivation for pursuing the legal way also probably stems from the fact that aside from being paid for their unused days off, there wasn’t a severance package in sight.
What Fisker is being charged with is, breaking rules set by both the federal WARN Act and California’s own WARN Act (Worker Adjustment and Retraining Notification). The law states that employees need to be notified of impending contract terminations at least 60 days before it actually happens, so as to make the necessary arrangements and not be caught off-guard.
All that remains to be seen now is if the company Karma has enough juice to get Fisker to bankruptcy court.
At some locations you can now pick up a Fisker Karma for the super discounted price of $80,000. The car has a **lifetime warranty.
**The company’s lifetime, not the buyer’s
**Written by Doug Powers
Twitter @ThePowersThatBeblog comments powered by Disqus
Following up on Joe Biden’s promise that Fisker Auto would be a multibillion dollar return on investment for taxpayers
November 26, 2013 01:16 PM by Doug Powers
April 15, 2013 10:58 AM by Michelle Malkin
February 9, 2013 01:38 PM by Doug Powers
March 29, 2013 01:11 PM by Doug Powers
February 4, 2013 10:02 AM by Michelle Malkin