Menu 1470 & 100.3 WMBD Listen Live
  • Shows
    • Greg and Phil
    • Armstrong & Getty
    • Markley, Van Camp & Robbins
    • The John Malone Show
    • The Ramsey Show
    • The Dana Show
    • Pete McMurray
    • Eat, Drink, Smoke!
    • Values Driven Wealth with Jim Kreid
    • Bears Radio Network
  • News
    • Business News
    • Entertainment News
    • Health News
    • Local News
    • National News
    • Political News
    • Science News
    • Sports News
    • Tech News
    • World News
  • Podcasts
    • Greg and Phil Podcast
    • The John Malone Podcast
    • Braves Plus
    • Saturday Showcase
    • Week In Review
  • Weather
    • Cancellations
  • Contact Us
×
  • Sign In
  • Search
  • Shows
    • Greg and Phil
    • Armstrong & Getty
    • Markley, Van Camp & Robbins
    • The John Malone Show
    • The Ramsey Show
    • The Dana Show
    • Pete McMurray
    • Eat, Drink, Smoke!
    • Values Driven Wealth with Jim Kreid
    • Bears Radio Network
  • News
    • Business News
    • Entertainment News
    • Health News
    • Local News
    • National News
    • Political News
    • Science News
    • Sports News
    • Tech News
    • World News
  • Podcasts
    • Greg and Phil Podcast
    • The John Malone Podcast
    • Braves Plus
    • Saturday Showcase
    • Week In Review
  • Weather
    • Cancellations
  • Contact Us
  • facebook
  • app store
  • google play store
  • alexa

Rivian shares details of severance for laid off employees

Peoria, IL, USA 1470 & 100.3 WMBD
Cooper Banks
Jul 29, 2022 | 9:10 AM
Greg Gjerdingen / CC

PEORIA, Ill. — We’re learning more this week about plans for layoffs at a large electric car maker in Illinois.

Earlier this week, a spokesperson for Rivian, which operates a large manufacturing facility in Normal, announced the company will reduce its workforce by nearly 6 percent.

The spokesperson said that the decision would, “align our workforce to our key business priorities, including ramping up the consumer and commercial vehicle programs, accelerating the development of R2 and other future models, deploying our go-to-market programs and optimizing spend across the business.”

Rivian has been planning to build another EV manufacturing plant in Georiga, which would supply around 7,500 jobs there.

However, there are more details available now about how the laid off workers will be handled.

Roughly 840 workers will be losing their positions at Rivian.

According to 25 News, a severance offered to employees includes 14 weeks of paid severance, health care and fertility benefits through end of year, the fulfillment of their next scheduled quarterly equity vesting and job placement assistance.

 

Comments

Leave a Reply Cancel reply

You must be logged in to post a comment.

Peoria City Council approves cannabis drive-through services, considers restrictions on other products
3h ago
Spanish judge suspends prominent ultra-right group Nucleo Nacional
2h ago
Exclusive-Kalshi ends Donald Trump Jr's advisory contract due to Polymarket conflict
1h ago
Fed's Barr: US should prepare for 'serious' AI job disruption, widening inequality
4h ago
Putin lets Europe join Ukraine peace talks, as Kyiv says Starshield disrupted again
3h ago
ELITE plans community center, explores new partnerships after PPS votes to replace Game Changer program
3h ago
Markley, Van Camp & Robbins
11:00 AM - 3:00 PM
facebookiosandroidalexa

Current Weather »

Thu Nov 12
Peoria, IL, USA
42°F
Feels Like: 35°F
Wind/Dir: 34 MPH-NNW
Humidity: 58%
  • facebook
  • app store
  • google play store
  • alexa
  • Listen
    • 1470 AM in Peoria
    • 100.3 FM in Peoria
    • Other Ways to Listen
  • Contact
    • (309) 685-1470
    • (309) 637-3700
    • Advertise With Us
    • Job Opportunities
    • Contact Us
  • More
    • Privacy Policy
    • Terms of Use
    • Contest Rules
    • Public Inspection File (WMBD)
    • Public Inspection File (WPBG-HD4)
    • FCC Applications
    • EEO
    • Make A Payment
Midwest Communications, Inc.
Copyright © 2026. All Rights Reserved.
Powered by SoCast
Persons with disabilities needing assistance with public inspection file content should contact our Support Desk here.