Energy disaster in Erlangen: 25% of employees lose their jobs!

Energy disaster in Erlangen: 25% of employees lose their jobs!

In an alarming turnaround for the hydrogen economy in Germany, Erlangen-based company Hydrogenious LOHC Technologies announced a massive wave of layoffs that will see 25 percent of its workforce, about 50 employees, lose their jobs. This comes just a few months after the Federal Minister of Economics Robert Habeck presented the company with a generous grant of 72.5 million euros to support the construction of a green hydrogen plant in Bavaria. The reported about these dramatic changes Mercury.

Challenges despite funding

In a statement, Hydrogenious stressed that a “number of challenges” – including geopolitical crises and rising renewable energy prices – are significantly hampering progress in the hydrogen sector. These circumstances meant that the company had to adapt its team structures and processes to focus on key projects, such as the ambitious “Green Hydrogen @ Blue Danube” project, which is expected to deliver up to 1,800 tons of hydrogen annually from 2028. Despite the current layoffs, the company says there are no plans for further layoffs in the coming year in Franconia reported.

Hydrogenious assured that the affected employees were transparently informed and released with full pay during their three-month notice period. The company, which currently employs around 120 people, relies on comprehensive support for those laid off, including individual coaching. The managing directors are confident that these measures will enable them to master the challenges of the hydrogen economy and further advance their technology.