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Barry’s Solar Energy Burns Out

April 17, 2012

Any more proof needed that Barry-O’s committent to bury the exisiting energy sources and replace them with pond scum to fill your gas tank, sunshine to heat and cool your home at a fraction of the cost (yes, even in Buffalo) and fly away with free goodies from thin air is a failed proposition? Here’s more:

America’s largest solar panel manufacturer is laying off 2,000 workers and closing factories in response to “waning demand” and increased competition from China, the Associated Press reports.

First Solar Inc. says the layoffs amount to 30 percent of its global workforce. Some cuts come from shutting down production lines in Malaysia and closing a factory in Germany. The company will also cut additional jobs in both Europe and the U.S.

First Solar says its manufacturing costs should drop by $30-$60 million this year and another $100-$120 million a year afterward. It will book a restructuring charge of $245 to $370 million.

Read the original article at The Blaze

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From → RANDOM

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