Plug Power Builds Fuel Cell Factory

Are fuel cells catching on? Plug Power, a pioneer in the fuelcell industry incorporated in 1997 with 25 employees, now has 250.The company broke ground this week for a 50,000 square feetmanufacturing facility that will double its current space.

June 11, 1999

Aquila Affiliate Takes $1.7 M Charge, Cuts 60 Employees

Citing a restructuring plan formulated to deal with poor 1998earnings, Aquila Energy’s Aquila Gas Pipeline Corp. (AQP)announced Tuesday it will cut 60 people from its staff of 310. Thecuts will inflict a $1.7 million pre tax charge on the company’searnings.

March 8, 1999

Halliburton Cuts 2,750 Jobs

Halliburton Co. said it plans to take a $35 million pretaxcharge this quarter to lay off an additional 2,750 employees fromits Energy Services Group. Job cuts are a response to low oilprices and oil company customers’ plans to sharply reduce spendingin 1999.

December 30, 1998
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