Wednesday, December 12, 2012

Global Solar Energy Confirms Job Cuts

Tucson-based think film solar firm Global Solar Energy confirmed Tuesday that it has laid off 70 percent of its workforce, and is now seeking a buyer, about a week after Inside Tucson said the firm was in the midst of layoffs. Global Solar said the cost cutting measures consisted primarily of employees dedicated to its roofing product line. Global Solar was developing Indium Gallium DiSelenide (CIGS) thin film solar cell technology, specifically aimed at building integrated photovoltaic (BIPV) installations. The company said that FTI Capital Advisors is representing the company through a previously announced sale process and "strategic options".