8.1.2004: Meldung: AstroPower reduces Workforce by ten per cent
"This reduction in force is a necessary step in controlling AstroPower"s costs. Even more so, however, it is a natural result of the enhanced technologies, redeployed manufacturing assets, and improved processes implemented throughout module operations over the last six months," Mr. Young said. "These measures have enabled AstroPower to greatly improve manufacturing efficiencies, streamline operations, and better compete within a highly competitive global marketplace."
In the last six months, AstroPower has also refined its module product line - now offering customers a core range of high-quality modules that generate solar electric power for a variety of applications. Automation implemented during this period is enabling AstroPower to produce these modules more efficiently and cost effectively.
"Production capacity has not and will not be impacted by these job cuts," Mr. Young added. "AstroPower continues to produce solar electric power products as it navigates through its restructuring. The company remains committed to serving its customers despite these challenges." "Furthermore, this careful and staged reduction in AstroPower"s workforce, although unfortunate, was necessary to the restructuring and to avoid a need for more urgent measures later in the restructuring."
Headquartered in Newark, Delaware, AstroPower manufactures solar electric power products, and is a leading provider of solar electric power systems for the mainstream residential market. AstroPower develops, manufactures, markets and sells a range of solar electric power generation products, including solar cells, modules and panels, as well as its SunChoice (TM) pre-packaged systems for the global marketplace. Solar electric power systems provide a clean, renewable source of electricity in both off-grid and on-grid applications. For more information, please visit www.astropower.com.
For more information contact:
AstroPower, Inc., Newark
Carl H. Young III, 302-366-0400 x1265
Terry Bailey, 302-366-0400 x2002
Source: AstroPower, Inc.