Photo: CFO Magazine
US EV Manufacturer Electric Last Mile Solutions Intends To File For Bankruptcy
Electric Last Mile Solutions Inc (ELMS), commercial electric vehicle manufacturer in United States on June 12 stated it intends to file for Chapter 7 bankruptcy after reviewing its products and commercialization plans. Securities and Exchange Commission was probing issues raised in previous filings of ELMS. Earlier, it laid off around 24% of its employees. In June 2021, the company became public after merging with blank-check provider Forum… read-more
Tags: Electric Vehicles, Electric Last Mile Solutions Inc, United States, BANKRUPTCY, Securities and Exchange Commission
Courtesy: DNA India
Photo: Hypebeast
Pandemic Stricken Disney Calls To Discharge 32,000 Employees In 2021
Due to less foot-fall in its theme parks, Walt Disney announced on November 25 that it would discharge 32,000 employees. The company, in a regulatory filing, has informed that the retrenchment would be in the first half of 2021, primarily targeting the theme park workers. However, the company did not confirm whether the earlier announced 28,000 workers' layoff list has been included in the recently released list.
Tags: Disney, Disneyland, Securities and Exchange Commission, Workers
Courtesy: WION
