HOLLAND, MI — A California-based battery startup is shutting down its Michigan operations after running out of cash. Natron Energy in a Worker Adjustment and Retraining Notification (WARN) Act notice dated Aug. 28 said it will shut down both of its facilities in Holland and Santa Clara, Calif., terminating a total of 95 employees, MLive reported.
Of that number, 37 employees at the Holland plant at 70 W. 48th St. will be permanently laid off effective Sept. 3, according to the notice.
None of the employees are represented by a union or have bumping rights.
The Federal WARN Act requires businesses to provide advance notice – at least 60 days – in cases of qualified plant closings and mass layoffs…