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LR Losing 150 Jobs at LM Glasfiber (windmill manufacturer)

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spotbird Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-07-09 11:01 AM
Original message
LR Losing 150 Jobs at LM Glasfiber (windmill manufacturer)
Edited on Wed Jan-07-09 11:02 AM by spotbird
Source: MSNBC

Little Rock is losing 150 jobs at LM Glasfiber, the world's leading manufacturer of blades for wind turbines.

The company announced Tuesday that it is adjusting its capacity in Little Rock as a result of the credit crunch now causing delays in wind projects due to more difficult financing conditions.

During 2008, the company has expanded rapidly in Little Rock but is now preparing for weaker growth in the short term, and is taking needed steps to assure a strong future for LM Glasfiber in Arkansas.


Read more: http://www.msnbc.msn.com/id/28525246/
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