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Vectrix Scooters Lays Off Workers in R.I.

Posted by Brian | Business, Electric Scooters | Posted on July 15th, 2009

Vectrix in R.I. has filed for Chapter 11, a move that seems to be common these days. The high-end electric scooter company had laid off most of its workers after failing to get a new investor to support their faltering operations.

Though the company has reported sufficient sales and customer feedback, the economy is not taking those things under consideration. And as far as management is concerned, it seems unlikely that they will ride out the current conditions until something positive (like an investor) or a miracle comes their way.

The company employs about 200 employees. Some executives have already been transferred to their satellite facilities but the R.I. base will most likely be shut down.

(Source) Boston Herald

Tags: bankruptcy, R.I., scooters, vectrix