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Proton Motor lays off employees

By Sven Geitmann

January 17, 2025

Image titel: The HyShelter® system from Proton Motor

Sources: Proton Motor

Proton Motor lays off employees

The German fuel cell manufacturer Proton Motor has announced the provisional end of its production activities at the end of 2024 if no new investor is found. Despite diligent efforts to save the Bavarian company, it announced in mid-September that the employees of the Puchheim branch would have their employment contracts terminated at the end of the planned period in order to ensure an orderly winding down of business activities.

Proton Motor is part of the British company Proton Motor Power Systems PLC, whose Board of Directors came to the conclusion in November 2024 that “the orderly shutting down of the company” was the “most appropriate course of action.” Although alternative sources of funding were still being sought to keep the company in operation in 2025, no viable solution had been identified by the end of November. Proton Motor Power Systems shares have lost around 85 percent of their value in the space of a year.

At the end of August 2024, the main investor announced that it would be withdrawing from the financing by the end of 2024. Although outstanding customer orders would be fulfilled as far as possible, new contracts could only be concluded once financing and the future direction of the company had been clarified.

In the summer of 2024, Manfred Limbrunner, the Director of Communications, who has since been made redundant, announced that his company was planning to move to Fürstenfeldbruck by mid-2025, where a factory was to be built in which up to 5,000 fuel cell systems and 30,000 stacks could be produced automatically every year.

Kategorien: Germany | Market | News
fuel cell | Geitmann | Germany :Schlagworte

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