Brief: Cavendish Hydrogen Reduces Workforce, Pause Station Development

Cavendish Hydrogen ASA

21/01/2025 08:06

Jan 21 (Reuters) - Cavendish Hydrogen ASA  CAVEN.OL :
    * TO REDUCE WORKFORCE AND PAUSE HIGH-CAPACITY STATION
DEVELOPMENT
    * WORKFORCE REDUCTION TO AFFECT 45% OF FULL-TIME EMPLOYEES
GLOBALLY
    * HAS SEEN AN ORDER INTAKE LOWER THAN EXPECTED IN 2024
    * NEXT GENERATION HYDROGEN FUELING STATION DEVELOPMENT
PAUSED
    * COMPANY REMAINS WELL FINANCED, AND WITH THESE ACTIONS WE
WILL
PRESERVE CASH AND EXTEND OUR RUNWAY

Source text:  ID:nWkr3hxvvJ 
Further company coverage:  CAVEN.OL 

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