PHOENIX — Lucid Motors, a California-based maker of luxury electric vehicles, is expected to lay off almost 1,000 people at its Casa Grande manufacturing plant over the next three months.
The layoffs are part of a companywide 18 percent job cut, announced in a news release on March 28 by Chief Executive Officer Peter Rawlinson.
"This action is aligned with the cost discipline announcement we made in late February when we reported earnings," Rawlinson said. "We are also taking continued steps to manage our costs by reviewing all non-critical spending at this time."
The company had initially notified the State of Arizona that it planned to slash 1,296 jobs in Casa Grande. That was later revised downward, to 968 jobs.
The company said it expects to save between $24 million and $30 million with the cuts. Nearly all the company's US workforce will be affected.
The Casa Grande facility produces the Lucid Air Dream Edition models.
The facility began producing electric vehicles in September 2021 after breaking ground in 2019. The $700 million plant employed 2,000 workers.
The company also received a $47 million tax break from the State of Arizona for building the plant.
VERSIÓN EN ESPAÑOL: Cerca de 1,000 personas pierden sus empleos en la planta Lucid Motors en Casa Grande
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