Babcock & Wilcox will slash 30% of its renewable energy workforce and implement cost-saving measures to combat falling revenues. [B&W] 2017 Q3 revenues stood at $408.7 million, falling 0.5% compared to Q3 2016. [B&W] embarked on restructuring in June 2016 after projections showed that coal utilization will decline faster than previously forecast. B&W then said it would shed 200 jobs and restructure its traditional power business that serves coal-fired power generation... ...its power segment, nearly half of B&W’s revenue stream, saw a 4.5% loss compared to the prior year. ... Lower revenues were also due to the down turn in...