Tag Archives: economic crisis

85 Workers Laid Off At General Electric (GE) Solar Plant

General Electric has laid off 85 workers at its solar panel plant in Newark, New Jersey, a workforce cut of about 30 percent.  The plant also reduced production to a single shift. The layoffs were the result of the global economic credit crisis, which has made it more difficult for GE’s customers to get credit for solar projects.

In an article on Delaware Online, GE Energy Spokesman Tom Rumsey commented on the layoffs, saying

"It’s … Read the rest

GT Solar International (SOLR) Announces Layoffs

GT Solar International announced on Friday that it will lay off 25 workers from its Merrimack solar furnace operations. No further layoffs have been announced at this time, and GT Solar states that there is still strong enough demand for its polysilicon reactors to maintain current employment levels in its other locations. The 25 workers who were cut due to a slowdown in directional solidification system (DSS) furnace production rates. Due to the economic crisis, … Read the rest