BRIEF-Rivian Agreed To Retain A Minimum Of 6,000 Full-Time Jobs In Illinois

Reuters05-03

May 3 (Reuters) - Rivian Automotive Inc :

* RIVIAN: AGREED TO RETAIN A MINIMUM OF 6,000 EXISTING FULL-TIME JOBS IN ILLINOIS

* RIVIAN: ONCE PROJECT IS IN SERVICE, IF CO FAILS TO MAINTAIN NEW JOB & RETAINED JOBS COMMITMENT, IT SHALL LOSE ABILITY TO CLAIM TAX CREDITS IN ILLINOIS

* RIVIAN: AGREED TO CREATE MINIMUM OF 559 FULL-TIME NEW-JOBS ABOVE EXISTING STATEWIDE ILLINOIS EMPLOYMENT BASELINE OF 8,587 AT PROJECT BY DEC 31, 2029

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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