Plug Power just signalled layoffs: find out more

Plug Power Inc (NASDAQ: PLUG) is trading up in premarket on Wednesday after announcing a plan to lower its annual operational costs by over $75 million$PLUG to cut unspecified number of jobsCopy link to sectionThe hydrogen fuel cells company expects implementation of that initiative to cost it $15 million (one-time). $PLUG also confirmed that a yet to be determined number of employees will lose jobs as part of the cost cut programme. According to Andy March – the chief executive of Plug Power Inc:The implem ...