Michigan solar company suspends production, plans job cuts
AUBURN HILLS, Mich. (AP) - Solar energy product maker Energy Conversion Devices Inc. says it has temporarily suspended manufacturing and is planning about 500 job cuts.
The Auburn Hills-based company announced Tuesday that manufacturing has been halted because of excess inventory. The company says about 400 workers will be furloughed at its manufacturing facilities in Michigan, Mexico and Ontario, Canada.
The production cuts include United Solar Ovonic facilities in Greenville, where more than 140 layoffs recently were announced. Other Michigan manufacturing facilities are in Auburn Hills.
The company said that to help cut costs about 500 full-time job cuts were expected by the end of the year.
Energy Conversion Devices has been restructuring its operations since May. It said it expects to return to normal production levels within 60 days.