US hydrogen fuel cell and truck firm Hyzon could carry out mass layoffs in February if it cannot raise funds or find a buyer, with the firm’s senior team selling off shares.
The company on December 20 issued a Worker Adjustment and Retraining Notification (WARN) Act notice to employees at its Bolingbrook, Illinois and Troy, Michigan facilities.
The WARN Act mandates that companies with 100 or more full-time employees provide a 60-day notice before laying off 50 or more workers at a single site.
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