Vectrix Preparing to File Bankruptcy
Electric scooter purveyor Vectrix Corp. has laid off all but the most essential staff and is beginning the process of preparing for a bankruptcy filing.
Vectrix Corp. is headquartered in Middletown, R.I., has been operating an assembly facility in Wroclaw, Poland, and maintaining an R&D center in New Bedford, Mass. Employees in the U.S. were told of the move when they arrived at work Monday, July 13.
Mike Boyle, president and CEO, Vectrix Corp., says he suspects bankruptcy will be filed in the next 30 days in the event efforts to find financing continue to prove unsuccessful.
- Submitted by Guido Ebert
Vectrix Corp. is headquartered in Middletown, R.I., has been operating an assembly facility in Wroclaw, Poland, and maintaining an R&D center in New Bedford, Mass. Employees in the U.S. were told of the move when they arrived at work Monday, July 13.
Mike Boyle, president and CEO, Vectrix Corp., says he suspects bankruptcy will be filed in the next 30 days in the event efforts to find financing continue to prove unsuccessful.
- Submitted by Guido Ebert
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