Proton Power Systems (GB:PPS) has released an update.
Proton Motor Power Systems plc is streamlining operations by reducing its workforce by 17%, leading to significant cost savings of approximately £1 million annually. This strategic move is designed to strengthen the company’s position in the hydrogen fuel cell market, while maintaining high support standards for current customers. The company is committed to supporting affected employees and ensuring a smooth restructuring process.
For further insights into GB:PPS stock, check out TipRanks’ Stock Analysis page.
