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Fisker Automotive furloughs employees to conserve cash

Furloughs by electric-car maker Fisker Automotive affect more than 200 employees.
(Fabrice Coffrin / AFP/Getty Images)

Fisker Automotive Inc., the beleaguered maker of high-end electric cars, is furloughing employees for a week to conserve cash.

Callers to Fisker’s Anaheim office were greeted Thursday with a voice message advising that the office was closed Friday, March 22, and would remain closed through Sunday, March 31.

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The furloughs, which affect more than 200 employees, came just two weeks after the company’s founder resigned as executive chairman amid a management dispute.

The departure of Henrik Fisker and the furloughs also come after a series of management changes at the automaker as it has dealt with the bankruptcy of its battery supplier and a cutoff of federal start-up aid.

Executives at the automaker have spent the last several months trolling the global markets for potential investors.

The company has said it needs about $500 million to launch a second, less-expensive model that would be made at a factory in Wilmington, Del.

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