South Korean EV Battery Maker SK Lays Off 958 Workers in Georgia

The battery unit of SK Innovation Co. is laying off more than a third of the workforce at its plant in Georgia as the South Korean manufacturer navigates a slowdown in electric vehicle sales.

SK Battery America laid off 958 employees Friday, about 37% of its 2,566-person workforce, according to a notice filed with the state of Georgia on Friday. The factory in Commerce, Georgia, supplied cells for Ford Motor Co.’s now-canceled electric F-150 Lightning pickup truck. It also supplies Volkswagen AG and Hyundai Motor Co.