© Green Hydrogen Systems
© Green Hydrogen Systems
Green Hydrogen Systems has announced that it will undertake substantial job cuts as it undergoes an administrator-led restructuring.
The Danish electrolyser maker entered a restructuring process on March 10 after filing for insolvency after efforts to secure additional financing collapsed.
The District Court of Kolding appointed an administrator to explore whether the alkaline electrolyser manufacturer could continue operations, including the sale of part or all of the business’ assets.
Today (March 19) Green Hydrogen Systems said it would start the process of a “substantial reduction” in its workforce.
Green…
