Rivian Automotive (RIVN) announced significant workforce development partnerships on December 29 for its new $5 billion manufacturing facility in Georgia. Collaborations with five institutions, including UGA and Georgia Tech, will establish scholarship and training programs to support the creation of 7,500 jobs by 2030 at the Social Circle plant.
The company's stock is trading at $19.43, down 5.97% on December 30. This decline, potentially reflecting broader profit-taking in the tech sector and the market's slight downward trend amid thin holiday volumes, occurs despite positive long-term operational developments.