Proterra rises as co announces job cuts, restructuring

Proterra

20/01/2023 14:26

** Shares of electric bus maker Proterra Inc  PTRA.O  rise
1% to $4.79 premarket
    ** Proterra says it plans to cut more jobs and combine
electric bus and battery production in South Carolina
    ** Co plans job cuts that will impact about 300 roles this
year
    ** Up to last close, stock down ~46% in the past 12 months
 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))