Vestas Wind Systems lays off 200 workers

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

  1. Nova78
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    Nova78 Gold Member

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    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
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    waltky Wise ol' monkey Supporting Member

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    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.
     

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