Written by Cláudio Afonso | LinkedIn | X
Financial problems at Canoo seem to not have an end. The move follows three prior rounds of 12-week furloughs that impacted a substantial portion of its workforce in Oklahoma City and Pryor.
According to an email sent to staff on Friday and seen by EV, the company expects it to last “a few weeks” while promising an update on the situation in the first week of January. Starting this Monday, December 23, affected workers “may not do work” and the company’s system will be suspended, Canoo said in the email.
While apologizing for the timing of the announcement, the company led by Tony Aquila wrote, “Please take this time to have a restful and enjoyable holiday season with your family.”
In a new SEC filing, Canoo said earlier this week it is “in advanced discussions with various capital sources.”
Speaking to EV, an internal source revealed on Thursday that employees of Aquila’s AFV Management Advisors are paid through Canoo’s payroll system while adding that these have not been affected by the recent three waves of furloughs.
Below is the transcript of the email sent to Canoo employees.
“Dear Canoo Team,
We regret to inform you that we are implementing a mandatory unpaid break beginning on Monday, December 23, 2024. We anticipate this leave will last a few weeks and you will receive an update the first week of January. During this time, you will remain an employee of Canoo and your 2024 benefits, as currently elected, will remain in place through the end of December.
In preparation for this break, please note the following:
1. You may keep your laptop, but you may not do work during this time. For security reasons, your access to Canoo’s systems will be suspended as of COB today, December 20th, 2024.
2. We will provide updates as necessary to the personal email address listed in your UKG profile.
We apologize for the timing of this message. Please take this time to have a restful and enjoyable holiday season with your family.
Thank you for your understanding and continued support. If you have any questions or concerns, please do not hesitate to reach out to us.”
The Department of Commerce, which facilitated some of the state’s promised incentives for Canoo, stated to local outlet News4 that only $1 million has given to the company warning that, “if necessary, will explore avenues to claw back public dollars.”
A former senior employee told News4 earlier this week that Canoo never produced any vehicles in Oklahoma, claiming the company only operated the machines during demonstrations for media or investors.
Written by Cláudio Afonso | LinkedIn | X
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