Management at a green energy technology business say they have completed substantial restructuring after facing financial problems earlier this year.
Last March, Loughborough’s Intelligent Energy announced major funding plans had fallen through, with no guarantee future funds would be available.
As a consequence the business said at the time it was cutting up to 200 jobs from the 420 people it employed globally, including 350 based in Loughborough.
The restructuring also saw the business concentrate on more immediate market opportunities including a more commercially viable type of “air cooled fuel cell”.
It said the new strategy included a more focused approach an…
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