Graphene manufacturer Versarien is considering selling off parts of the business with bosses' pay stopped “indefinitely”, as it looks to make “significant cost reductions”.
The Gloucestershire-based firm, which makes products from the nanomaterial for a range of industries, announced ahead of its AGM on Wednesday that reductions to its workforce had been made.
The AIM-listed business had employed between 100 and 120 people across its global operations, including 10 at its recently expanded factory in the Forest of Dean.
