FuelCell Energy Sees Revenue Increase, Cuts Staff
FuelCell Energy announced increased revenue for its fourth quarter. Quarterly revenue rose 12% to $55 million. The company also disclosed significant workforce reductions. The workforce was cut by approximately 28%, totaling 424 employees. These measures aim to reduce costs and focus on core technology. Loc: Danbury, Connecticut
https://hartfordbusiness.com/article/fuelcell-energy-posts-4q-revenue-growth-details-restructuring-and-layoffs-in-annual-report/