Arrival to slash costs, cut up to 30% of workforce to meet on EV van production target

Arrival, the UK-based commercial EV company, plans to slash costs and cut as many as 30% of its workforce as it attempts to  protect the business from a challenging economic environment while meeting its production targets.
The company, which went public last year via a merger with a special purposed acquisition company, said the restructuring plan  includes a targeted 30% reduction in spending across the entire business. It anticipates the reorganization could “potentially impact up to 30% of employees globally.” The plan would allow the company to meet its targets through late 20

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