Company Directory - KULR Technology Group, Inc.
Company Details - KULR Technology Group, Inc.
KULR Technology Group, Inc.
WebsiteKULR Technology Group, Inc. is a provider of advanced thermal management and battery safety solutions. The company develops innovative technologies to protect batteries in high-demand applications across industries such as aerospace, defense, electric vehicles, and consumer electronics.
CCI Score
CCI Score: KULR Technology Group, Inc.
-37.99
0.04%
Latest Event
KULR Reduces Workforce by 15%
On January 9, 2024, KULR Technology Group, Inc. announced a 15% reduction in its workforce as part of a strategic streamlining effort aimed at achieving operational break-even in Q2 2024. The move involved consolidating operations between its San Diego headquarters and the Webster, Texas facility.
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TOADIE
KULR Technology Group, Inc. is currently rated as a Toadie.
Latest Events
- JAN092024
On January 9, 2024, KULR Technology Group, Inc. announced a 15% reduction in its workforce as part of a strategic streamlining effort aimed at achieving operational break-even in Q2 2024. The move involved consolidating operations between its San Diego headquarters and the Webster, Texas facility.
-50
Labor Relations and Human Rights Practices
March 28
The significant 15% workforce reduction represents an aggressive cost-cutting strategy that may undermine workers' rights and stability. Streamlining operations to achieve operational break-even risks prioritizing profitability over employee welfare, a move that aligns with authoritarian business practices by disregarding fair labor practices and undermining worker protections.
- JAN092024
On January 9, 2024, KULR Technology Group, Inc. announced it was reducing its total workforce by approximately 15% to streamline operations and better target operational breakeven in Q2 2024. This cost-cutting move raises concerns about the company’s labor practices and the potential negative impact on worker security and rights.
-40
Labor Relations and Human Rights Practices
March 28
The 15% workforce reduction is a significant cost-cutting measure that prioritizes operational efficiency over employee welfare. This move undermines worker security and highlights potential deficiencies in fair labor practices, reflecting negatively on the company’s commitment to protecting workers' rights.
- JAN092024
On January 9, 2024, KULR Technology Group, Inc. announced a 15% reduction in its workforce as part of an effort to streamline operations, consolidate facilities, and achieve operational break-even in Q2 2024. This restructuring involves consolidating battery-related activities at its Webster, Texas facility while maintaining operations at its San Diego headquarters.
-40
Labor Relations and Human Rights Practices
March 28
The decision to reduce the workforce by 15% raises concerns regarding labor relations and the potential undermining of worker rights. From an anti-fascist perspective, such workforce cuts can be seen as prioritizing cost-cutting and efficiency over employee well-being, which negatively impacts marginalized workers and disrupts community stability.
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