Report: Plug Power planning nearly 300 layoffs

Report: Plug Power planning nearly 300 layoffs

The Business Review reported that Plug Power informed local municipalities that it is planning to lay off 299 workers assigned to three Capital Region locations.

Subsidy Sheet: Heavily subsidized Plug Power to lay off 300 Albany area workers - Reinvent Albany

We have been big critics of their giant taxpayer subsidies, but we take no joy from reporting that home-grown hydrogen fuel cell producer Plug Power is laying off nearly 300 of its 800 Albany area employees (Albany Business Review). Just two years ago, Governor Hochul said, “New York’s investment in Plug is an investment in the state’s sustainable future.” Sadly, even then it was obvious to us and the stock market that the floundering Plug Power…