• Home
  • News
    • Software
    • Autonomous
    • Battery
    • Charging
    • China
    • Commercial vehicles
    • Concept
    • Green Energy
    • Hybrids
    • Industry
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Politics
    • Rumors
    • Safety
    • Sales
    • Technology
    • Sports
      • Formula E
      • MotoE
      • Rally1
    • Opinions
    • News Releases
  • Brand
    • Audi
    • BMW
    • BYD
    • Chevrolet
    • Chrysler
    • Citroen
    • Dacia
    • Daihatsu
    • Ford
    • Geely
    • Honda
    • Huawei
    • Hyundai
    • Kawasaki
    • KIA
    • Lexus
    • Lotus
    • Lucid
    • Mazda
    • Mercedes-Benz
    • Mitsubishi
    • NIO
    • Nissan
    • Polestar
    • Porsche
    • Renault
    • Rivian
    • Rolls-Royce
    • Sony
    • Subaru
    • Suzuki
    • Tesla
    • Toyota
    • VinFast
    • Volkswagen
    • Volvo
    • Wuling
    • XPeng
  • Events
  • Advertising
  • Contact
EVMagz - Electric Vehicles News
Subscribe
No Result
View All Result
  • Home
  • News
    • Software
    • Autonomous
    • Battery
    • Charging
    • China
    • Commercial vehicles
    • Concept
    • Green Energy
    • Hybrids
    • Industry
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Politics
    • Rumors
    • Safety
    • Sales
    • Technology
    • Sports
      • Formula E
      • MotoE
      • Rally1
    • Opinions
    • News Releases
  • Brand
    • Audi
    • BMW
    • BYD
    • Chevrolet
    • Chrysler
    • Citroen
    • Dacia
    • Daihatsu
    • Ford
    • Geely
    • Honda
    • Huawei
    • Hyundai
    • Kawasaki
    • KIA
    • Lexus
    • Lotus
    • Lucid
    • Mazda
    • Mercedes-Benz
    • Mitsubishi
    • NIO
    • Nissan
    • Polestar
    • Porsche
    • Renault
    • Rivian
    • Rolls-Royce
    • Sony
    • Subaru
    • Suzuki
    • Tesla
    • Toyota
    • VinFast
    • Volkswagen
    • Volvo
    • Wuling
    • XPeng
  • Events
  • Advertising
  • Contact
EVMagz - Electric Vehicles News
Subscribe
No Result
View All Result
EVMagz - Electric Vehicles News
No Result
View All Result

Arrival plans to business reorganization, cut up to 30% of workforce

by Michael Khan
July 14, 2022
in Arrival, Commercial vehicles
Reading Time: 1 min read
A A
0
Arrival Van and Bus 750x375 - Arrival plans to business reorganization, cut up to 30% of workforce
Share on FacebookShare on Twitter

Arrival, the UK-based electric vehicle company announced plans to reorganize its business, which could see layoffs of up to 30% in its workforce.

Arrival said the move to reorganize its business saw the company start production of the Arrival Van in the third quarter as planned.

Following the announcement, Arrival shares rose 3.4% to $1.51 in extended trading.

Arrival said the complex economic challenges forced them to restructure. The company’s move is expected to cut spending by 30% to help meet their target by the end of 2023 using $500 million.

Challenging economic conditions have forced several electric vehicle manufacturers to take steps to save by laying off employees. Previously, Rivian was reported to be cutting 5% of their workforce, while Tesla Inc said it would cut 229 jobs.

Arrival specializes in building electric commercial vehicles such as electric delivery vans and buses. Companies have a strategy of producing their electric vehicles using smaller and cheaper factories.

Its US-listed shares have plunged 80% during 2022, as investors worry about global economic conditions. In the first quarter, Arrival posted a net loss of $10.4 million.

Google News iconFollow EVMagz on Google News
Source: Reuters
Tags: ArrivalArrival Vanbusescommercial vehicleCommercial Vehiclesdeliveryelectric vehicleelectric vehiclesriviantesla
Previous Post

Hyundai Ioniq 7 will use a large 7 seater SUV configuration

Next Post

Triumph TE-1 electric motorcycle : speed, power and range

Michael Khan

Michael Khan

With a background in electrical engineering and programming, Michael Khan became passionate about electric cars around 2007

Related Posts

Royal Mail Electric Delivery Van 350x250 - Arrival plans to business reorganization, cut up to 30% of workforce

Royal Mail Deploys 4,000th Electric Delivery Van, Plans to Expand Fleet to 5,000 by Spring

by Casper Benedict
January 25, 2023
0

The Royal Mail, the United Kingdom's postal service, has reached a significant milestone with the deployment of its 4,000th electric...

new man etruck 350x250 - Arrival plans to business reorganization, cut up to 30% of workforce

DB Schenker to Electrify Fleet with 100 New MAN eTrucks by 2026

by Sibley Presley
January 24, 2023
0

International logistics company DB Schenker is taking steps to electrify its fleet and road freight transport by adding 100 new...

Tesla Semi electric truck specifications

Tesla to announce $3.5 billion manufacturing facility in Nevada for Semi Electric Truck : Governor

by Michael Khan
January 25, 2023
0

It was previously believed that Tesla would move production of its Semi Class 8 electric truck to its Giga Texas...

Amogy Successfully Tests Ammonia Powered Zero Emission Semi Truck in New York 350x250 - Arrival plans to business reorganization, cut up to 30% of workforce

Amogy Successfully Tests Ammonia-Powered, Zero-Emission Semi Truck in New York

by Shaun Williams
January 23, 2023
0

Amogy, a company that specializes in ammonia-based power solutions with high energy density and zero emissions, has successfully tested an...

Next Post
TE-1 electric motorcycle speed power range

Triumph TE-1 electric motorcycle : speed, power and range

Volkswagen ID. Buzz 2 75x75 - Arrival plans to business reorganization, cut up to 30% of workforce

Volkswagen, Redwood Materials to collaborate on recycle EV batteries in US

Ford plans to make Maverick and Ranger pickup with electric powertrain

Ford plans to make Maverick and Ranger pickup with electric powertrain

Discussion about this post

Newsletter

Get our daily electric vehicles news straight into your inbox!

  • Trending
  • Comments
  • Latest
Polestar 202 20MY24 20 282 29 120x86 - Arrival plans to business reorganization, cut up to 30% of workforce

2024 Polestar 2 Gets Rear-Wheel-Drive Layout and 395-mile Range

January 25, 2023
Tesla Cybertruck - Arrival plans to business reorganization, cut up to 30% of workforce

Upcoming Tesla Cybertruck Electric Pickup Come With Hardware 4

January 26, 2023
tesla cybertruck windshield patent 120x86 - Arrival plans to business reorganization, cut up to 30% of workforce

Tesla Registers Patent for Cybertruck’s Novel Windshield

January 24, 2023
Zeeho AE8 Electric Scooter : Specifications, Range and Prices

Zeeho AE8 Electric Scooter : Specifications, Range, and Price

April 18, 2022
Zeeho AE8 specifications

Zeeho AE8 specifications : Everything you need to know

August 16, 2022
harley davidson livewire - Arrival plans to business reorganization, cut up to 30% of workforce

Harley Davidson and Kymco patnership in the electric motorcycle industry

0
23c0041 005 120x86 - Arrival plans to business reorganization, cut up to 30% of workforce

Mercedes-Benz Becomes First Carmaker to Bring SAE Level 3 Conditionally Automated Driving to the US in Nevada

January 28, 2023
Lucid Air Accessories 1 120x86 - Arrival plans to business reorganization, cut up to 30% of workforce

Lucid Group’s Shares Surge 43% on Market Speculation of Buyout by Saudi Arabia’s Public Investment Fund

January 28, 2023
Alfa Romeo 120x86 - Arrival plans to business reorganization, cut up to 30% of workforce

Alfa Romeo Reveals Plans for Larger Fully Electric Model for US Market, Arriving in 2027

January 28, 2023
livewire reuters - Arrival plans to business reorganization, cut up to 30% of workforce

Harley-Davidson Confirms Transition to Fully Electric Bikes in Future

January 28, 2023
Lucid Motors Opens Combination Studio Delivery and Service Centre in Montreal Quebec 120x86 - Arrival plans to business reorganization, cut up to 30% of workforce

Lucid Motors Opens Combination Studio, Delivery, and Service Centre in Montreal, Quebec

January 28, 2023

About

EVMagz was created not only to publish the breaking news of the day about electric vehicles, but to dissect it, promote it, and, most importantly, examine the how, what, and why of electric vehicles.

EVMagz brings together some of the most knowledgeable, well-known insiders, as well as dozens of prominent contributors.

Need Some Helps

  • Home
  • About Us
  • Advertising
  • Support EVMagz
  • Newsletter
  • Privacy Policy
  • Cookie Policy
  • Contact

Browse by Tag

Automotive autonom Autonomous batteries battery BYD charger charging charging station china commercial vehicle company concept electric electric car Electric Truck electric vehicle electric vehicles elon musk Energy europe Fast Charging fleet germany hybrid Hydrogen hyundai Invest lithium Lithium-ion mercedes motorcycle performance platform price range sales software specification specifications supply chain technology tesla truck Volkswagen

Recent Posts

  • Mercedes-Benz Becomes First Carmaker to Bring SAE Level 3 Conditionally Automated Driving to the US in Nevada
  • Lucid Group’s Shares Surge 43% on Market Speculation of Buyout by Saudi Arabia’s Public Investment Fund
  • Alfa Romeo Reveals Plans for Larger Fully Electric Model for US Market, Arriving in 2027
  • Harley-Davidson Confirms Transition to Fully Electric Bikes in Future
  • Lucid Motors Opens Combination Studio, Delivery, and Service Centre in Montreal, Quebec

© 2022 EVMagz - Electric Vehicles magazine by EVmagz.

No Result
View All Result
  • Home
  • News
    • Software
    • Autonomous
    • Battery
    • Charging
    • China
    • Commercial vehicles
    • Concept
    • Green Energy
    • Hybrids
    • Industry
    • Market Outlook
    • Modification
    • Motorcycles
    • Official
    • Politics
    • Rumors
    • Safety
    • Sales
    • Technology
  • Brand
    • Audi
    • BMW
    • BYD
    • Chevrolet
    • Chrysler
    • Citroen
    • Dacia
    • Daihatsu
    • Ford
    • Geely
    • Honda
    • Huawei
    • Hyundai
    • Kawasaki
    • KIA
    • Lexus
    • Lotus
    • Lucid
    • Mazda
    • Mercedes-Benz
    • Mitsubishi
    • NIO
    • Nissan
    • Polestar
    • Porsche
    • Renault
    • Rivian
    • Rolls-Royce
    • Sony
    • Subaru
    • Suzuki
    • Tesla
    • Toyota
    • VinFast
    • Volkswagen
    • Volvo
    • Wuling
    • XPeng
  • Guides
  • Sports
    • Formula E
    • MotoE
    • Rally1
  • Photos
  • Videos

© 2022 EVMagz - Electric Vehicles magazine by EVmagz.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Hey Friend! Get the latest electric vehicles news straight into your inbox!

Don't worry, we don't spam

Close this popup