UPDATE 2-Ballard cutting 100 jobs to extend cash life

Newswire

(Adds analyst comments, stock prices. Figures in U.S. dollars unless noted) OTTAWA, Sept 22 (Reuters) - Fuel cell developer Ballard Power Systems Inc. said on Thursday it will cut nearly 100 jobs, or about 15 percent of its staff, as it trims operating expenses by 12 percent to extend the life of its existing cash resources. Ballard said nearly half the job cuts had already been made through attrition and the elimination of open positions. The company, which also said it will trim ...

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