Plug Power announces restructuring and latest jobs cuts

By / / Automotive / 1 minute of reading


Plug Power has announced it will embark on a US$150-200m cost cutting mission called “Project Quantum Leap”. By Stewart Burnett

Hydrogen fuel cell company Plug Power has announced restructuring plans, including new worker layoffs, as it embarks on an effort to lower its annual expenses by between US$150-$200m. Calling the effort “Project Quantum Leap” in a new 10-K filing, Plug Power said the measures will “further improve margins and cash flows, and accelerate the path to profitability.”

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Plug Power announces restructuring and latest jobs cuts



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Avatar of Gwen Conley
Gwen Conley is a news writer with Eternity News Now, reporting on politics, health, business, parenting, and finance. She has been with the company for three years, and she loves to write about topics that impact the lives of everyday people.

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