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Plug Power announces layoffs, impact to Rochester area site not yet known
Plug Power announces layoffs, impact to Rochester area site not yet known
Plug Power is laying off 261 of its 731 employees at three sites in the Capital region later this year due to economic reasons, but there have been no public announcements about job cuts in the Rochester area.
The company filed a Worker Adjustment and Retraining Notification with the state Department of Labor Monday that said the layoffs would occur on June 23. The affected sites were in Slingerlands (its headquarters) and Latham, in Albany County, and Clifton Park, Saratoga County.
Plug operates a $125 million gigafactory in West Henrietta where roughly 400 people worked in 2024. It is the company’s go-to site for hydrogen fuel cell stacks that are incorporated into its fuel cell systems and electrolyzers.
Plug representatives would not say if there would be layoffs at the local site.
Andy Marsh, Plug president and CEO, issued the following statement.
“Plug is making strategic workforce adjustments across the company as part of our global transformation initiative. In New York state, fewer than 300 roles were affected. While we are not commenting on specific site impacts at this time, we’ve taken a thoughtful approach – mapping the skillsets needed for future growth – and remain committed to supporting our employees and communities throughout this transition.”
Plug had also proposed a $677 million project at the Western New York Science & Technology Advanced Manufacturing Park (STAMP) in Genesee County, but that project was put on hold, Marsh told the RBJ last year, because of slower than anticipated growth in the sector.
Plug is a developer of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity.
In early March, the company announced a restructuring plan called Project Quantum Leap that would reduce annual expenses in the range of $150 million to $200 million.
Measures expected because of the restructuring plan included reductions in the workforce, additional reductions in discretionary spending, additional reduction and leveraging of inventory and limiting capital expenditures to near-term critical requirements, the company said in a release.
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