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BRIEF-Rivian Automotive Says It Is Moving Forward With Restructuring And Reducing The Size Of Team By 6%

BRIEF-Rivian Automotive Says It Is Moving Forward With Restructuring And Reducing The Size Of Team By 6%

Reuters · 07/27/2022 15:59
BRIEF-Rivian Automotive Says It Is Moving Forward With Restructuring And Reducing The Size Of Team By 6%

- Rivian Automotive Inc RIVN:

  • RIVIAN AUTOMOTIVE INC - ARE MOVING FORWARD WITH OUR RESTRUCTURING AND REDUCING THE SIZE OF OUR TEAM BY 6%

  • RIVIAN AUTOMOTIVE INC - MEMBERS OF OUR MANUFACTURING OPERATIONS TEAM IN NORMAL WILL NOT BE IMPACTED

  • RIVIAN AUTOMOTIVE INC - SEVERANCE PACKAGE INCLUDES 14 WEEKS OF REGULAR PAY AND HEALTH COVERAGE, RIVIAN-PAID COBRA BENEFITS

  • RIVIAN AUTOMOTIVE INC - SEVERANCE PACKAGE INCLUDES CONTINUATION OF MENTAL HEALTH AND FERTILITY BENEFITS THROUGH THE END OF THE YEAR

  • RIVIAN AUTOMOTIVE INC - SEVERANCE PACKAGE INCLUDES JOB PLACEMENT ASSISTANCE AND THIS QUARTER’S EQUITY VESTING

Further company coverage: RIVN


((Reuters.Briefs@thomsonreuters.com;))