We covered CH2M Hill earlier today, as they have announced more layoffs in the wake of $2 billion in stimulus funding for a specific environmental cleanup project. While their layoffs are site specific and not widespread, a couple other companies aren’t so fortunate.
From Thurber’s Thoughts:
Following bad news over the weekend, another solar firm announces major restructuring moves, including layoffs, today.
First Solar (FSLR) was kicked off the Nasdaq-100 Monday and replaced by Texas Instruments. First Solar is based in Tempe, AZ, but was founded in Toledo under the name of Solar Cells, Inc. Their only U.S. manufacturing facility is in Perrysburg Township.
In October, they fired their CEO. In December, they announced 100 layoffs and a delay at their Mesa plant.
Today, they announced further changes, including closing operations and laying off 2,000 – roughly 30% of their workforce.
Also, Weasel Zippers has this…
More Layoffs At Obama-Funded Electric Carmaker Fisker Automotive, Delaware Plant Is “Absolutely Empty”…
I’m pretty sure we can kiss our $529 million goodbye.
Via AOL Auto Blog:
Last we heard, Fisker Automotive was still “committed” to building the recently revealed Atlantic sedan at the former General Motors plant in Delaware. A few years ago, Fisker announced that site would be the company’s new domestic production home (the Fisker Karma extended-range plug-in hybrid is made by Valmet in Finland). Still, Fisker did say that any definitive statement on the Atlantic’s production location would not come until the end of the summer.
So we were interested to read new reports from local media that show more signs that the Atlantic might not ever be built in Delaware. On Friday, Delaware Online reports, 12 more workers — including engineers and maintenance technicians — were laid off at the plant, leaving “only a small maintenance team” left there. One of those let go was Jeff Garland, who had been working on community affairs and business development efforts in Delaware. He said the plant is currently “absolutely empty.” This is because Fisker has taken out the old GM equipment but has not yet installed the machines it would need to build the Atlantic. As Garland told Delaware Online, “I think what happened was the budget numbers are so tight right now and they’re working so hard to preserve as much cash as they can that something had to give. We’re not making a car in Wilmington right now, so given that situation it was an obvious place to make a cut.
We must be heading for another one of those ‘Summer of Recovery’ things…