Vestas Wind Systems lays off 200 workers

Discussion in 'Economy' started by Nova78, Nov 1, 2012.

  1. Nova78
    Offline

    Nova78 Silver Member

    Joined:
    Dec 19, 2011
    Messages:
    1,915
    Thanks Received:
    254
    Trophy Points:
    98
    Location:
    Colorado
    Ratings:
    +267
    Vestas Wind Systems lays off 200 workers at its Windsor blade factory - Loveland Reporter-Herald

    Wind-turbine manufacturer Vestas Wind Systems made its largest Colorado job cut Thursday, laying off about 200 workers at its Windsor blade plant.

    The cuts represent 29 percent of the plant's workforce. Vestas also had laid off workers at plants in Brighton and Pueblo.

    But that effort has sustained some major losses in recent months. Loveland-based Abound Solar closed its solar-panel plant and filed for bankruptcy liquidation. General Electric's Primestar Solar has postponed development of an Aurora manufacturing plant that was to employ 355 workers.

    The solar industry has been hit by the plunging price of Chinese-made solar panels. However, problems facing wind power stem mostly from the looming expiration of the production-tax credit, or PTC.

    Another tax credit green flop by Obama-chop-chop-chop ! :eusa_whistle::eusa_whistle:
     
  2. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,837
    Thanks Received:
    1,790
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,875
    Granny says - "Dat's right - sounds like BP figgers not enough money in wind power...
    :eusa_eh:
    BP to Sell Entire U.S. Wind Power Business for Long-Term Financial Growth of Company
    April 3, 2013 – BP will sell its entire American wind power business in an effort to “position the company for sustainable growth” and return to its core business of oil and gas production.
     

Share This Page