5 takeaways: Battery maker closes Michigan plant, lays off 37 workers

California-based battery startup Natron Energy is shutting down its Michigan and California operations after failing to secure new funding.

These are the five takeaways from the original article .

Company shutdown and widespread layoffs

Natron Energy is permanently closing its headquarters in Santa Clara, Calif., and a manufacturing facility in Holland, resulting in the termination of 95 employees. The Holland plant is laying off 37 workers, none of whom are represented by a union.

Sudden collapse due to funding failure

The company ran out of cash after its board of directors determined on Aug. 27 that efforts to raise new capital were unsuccessful. Prior to that, Natron believed it could secure the necessary funding to avoid closure.

Justification for bypassing WARN notice require