Hyzon Motors, a U.S.-based hydrogen fuel cell technology leader, has issued a Worker Adjustment and Retraining Notification Act (WARN Act) notice to employees at its Bolingbrook, Illinois, and Troy, Michigan facilities. The company cited challenges in raising funding and uncertainties surrounding government subsidies, including the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, which have impacted customer purchasing decisions. If no funding or buyer is secured, the company expects to complete its workforce reduction by February 2025.
Key Highlights
- WARN Act Notice Issued: Hyzon’s notice initiates a 60-day period required before workforce reductions under the WARN Act.
- Facility Impact: The notice affects employees in Bolingbrook, Illinois, and Troy, Michigan, as well as other employees in these states.
- Funding and Subsidy Challenges: Hyzon struggles with raising capital and future uncertainty regarding key government programs.
- Reduction Timeline: If no resolution is found, layoffs are expected to conclude in February 2025.
About Hyzon
Hyzon Motors is a global innovator in high-performance hydrogen fuel cell technology, dedicated to powering industries with zero-emission solutions. The company specializes in fuel cell systems designed for heavy-duty applications, including Class 8 trucks and refuse collection vehicles across North America. Hyzon is also exploring stationary power applications and collaborating across the hydrogen value chain to accelerate the transition to clean energy.
To learn more, visit www.hyzonfuelcell.com.
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