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Signs of Solyndra? Fisker Lays Off 75 Percent of Employees
Yahoo! News ^ | 4/5/13 | Matthew Mosk - abc news

Posted on 04/05/2013 3:12:20 PM PDT by NormsRevenge

The government-backed electric car company Fisker Automotive laid off about 160 workers Friday, or roughly 75 percent of the automaker's staff, as it has struggled to find financial backing that would allow it to continue building its high concept clean cars.

The layoff announcement came as the innovative start up faces a looming repayment on a loan from the U.S. Department of Energy, and as reports have swirled that it could be preparing to file for bankruptcy. As with the failed solar firm Solyndra, the green car company was once an early pick by the Obama Administration to be part of America's clean energy future. The Obama Energy Department had approved Fisker for a government loan up to $529 million.

Stunned workers filed out of Fisker's Anaheim headquarters Friday morning with their belongings in boxes. One told ABC News that the employees had no advance notice the layoffs were coming, and they were told they would received no severance.

(Excerpt) Read more at gma.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; Politics/Elections
KEYWORDS: boofreakinhoo; employees; fisked; fisker; signs; solyndra
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To: NormsRevenge

Ironically, the car they make is named the “Karma.”


21 posted on 04/05/2013 6:21:25 PM PDT by matt04
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To: nascarnation

Hahahaha....


22 posted on 04/05/2013 6:24:02 PM PDT by matt04
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To: NormsRevenge

Documentation File on the negative impact of the Obamanation Counterculture on America.


23 posted on 04/05/2013 8:21:30 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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