Another day, yet another green-stimulus loan-guarantee recipient laying off workers. How sad is it that we’ve recently been hearing this and similar storylines so frequently that the theme is starting to feel kind of old n’ busted? I mean, it’s only throwing away billions of taxpayer dollars for the sake of a little socio-economic engineering, right? …Facepalm. Via Beltway Confidential:
First Solar, a solar energy company that received a $1.46 billion loan guarantee from the Department of Energy, announced today that it will layoff 2,000 workers in the United States and world-wide.
The company will “indefinitely idle” four production lines in Malaysia and shutter a plant in Germany. “These actions, combined with other personnel reductions in Europe and the U.S., will reduce First Solar’s global workforce by approximately 2,000 positions, about 30 percent of the total,” First Solar announced today. …
In December, First Solar laid off 100 employees at a Santa Clara , Calif., plant. The DOE has committed $1.46 billion to a project in Riverside County, California expected to create 15 permanent jobs and 550 construction jobs.