1414 Degrees cuts salaries, pushes back development plans

THERMAL energy-hopeful 1414 Degrees has declared it has enough cash to keep its projects spinning, while it slashes management salaries, fires staff and pushes back project development to stay afloat.

1414 Degrees cuts salaries, pushes back development plans 1414 Degrees cuts salaries, pushes back development plans 1414 Degrees cuts salaries, pushes back development plans 1414 Degrees cuts salaries, pushes back development plans 1414 Degrees cuts salaries, pushes back development plans

But has enough cash to keep wheels turning

 

The South Australian company said it has reduced hours, fired staff  and has deferred the upgrade of its GAS-TESS silicon storage project.