Barely a week after U.S. employees were put on a 5-day unpaid furlough, troubled Fisker Automotive has apparently given termination notices to as much as half or more of its staff—including its entire communications department, several well-placed sources have told TheDetroitBureau.com.
While the latest move appears to be part of a desperate move to conserve dwindling cash resources while searching for new investors or a complete outside acquisition, the situation could be even more dire.
"I would not be surprised to see this leading up to the possibility of a bankruptcy filing," cautioned a well-connected source with long connections to the battery—car maker. Other Fisker sources said such a move would come as no surprise to them, either.