Solar company Energy Conversion Devices(ENER_) announced on Aug. 11 that it plans to cut 140 jobs at its Auburn Hills, Mich., facility, shifting some of these jobs to Tiajuana.
Last year the company, which makes building-integrated photovoltaics, or BIPVs, which are designed to be built into buildings in the form of shingles or windows,already eliminated 25% of its workforce last year due to dwindling demand. But many of these laid off employees have since been rehired.
Energy Conversion has been in the red over the past year.
The Obama economy is a gift that keeps on giving...to Republicans.
How many damn census workers were there that they are still being let go months later and at the rate of hundreds of thousands? I call BS.
It will make no fiscal sense to create all the promised Green Energy jobs in the U.S., least of all Europe, when the companies will be bleeding red from the get go.
The term "unexpected" has been way overused, but I will tell you what is unexpected to me: How the economy can shed 95000 jobs, and the unemployment rate can stay the same. It has been this way for months now, longer even. Every month, more jobs are lost. Then, the next month, the loss figures are recalculated UPWARD. More lost jobs! Yet, the unemployment rate remains at 9.6%! UNEXPECTED!
According to ADP, we lost 39,000 private sector jobs in September.
We have been screwed. Most likely for good. I am sure I do not have to elaborate in the least to the many here that have followed our (USA) demise over the past thirty years plus.