Rivian Automotive Inc. RIVN reportedly relocated some of his staff to his Illinois Factory.

What happened: Rivian is relocating parts of its manufacturing engineering team to its Illinois facility, The Wall Street Journal reportedciting a person familiar with the matter.

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The move is part of the electric vehicle maker’s restructuring plan to ramp up production, the report added.

According to the WSJ, a “substantial portion” of the team responsible for designing and operating the factory will be asked to relocate to Central Illinois or the company’s Irvine headquarters.

Rivian hired engineers from across the US and allowed them to work remotely during the pandemic.

For those who don’t move now, Rivian will offer severance pay and rehire, the report added. It was reported in early February that Rivian was planning to do this Cut 6% of the workforce in an attempt to channel resources to increase vehicle production and achieve profitability.

For the fourth quarter, Rivian reported revenue of $663 million and a loss of $1.73 per share. The company produced 10,020 vehicles in the quarter, a 36% increase sequentially. The company carries out the production 50,000 vehicles in 2023.

Since listing on the Nasdaq in 2021, Rivian shares are down 89.5% by the last close of trading.

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