Clipper Wind Power Inc., a wind turbine manufacturer with locations in Carpinteria, Calif., and London, says it will reduce its workforce by 90 positions. This reduction is directly related to the current economic climate in the U.S., according to the company.
A number of Clipper's customers have deferred delivery of wind turbines due to their inability to access tax equity and project debt financing. At the same time, the company's clients have been impacted by the overall uncertainty of the world's economic situation, which has slowed business and reduced investment in new activities for the short term.
As a result of the economic situation, Clipper plans to reduce 2009 turbine production. To better position the company to weather the current market conditions, Clipper is rescaling its business to align with its current production demand.
The company says it will continue to monitor the marketplace and will reposition the business as necessary for growth and sustained profitability.
Clipper is providing support to its impacted employees through a comprehensive severance package that provides benefits beyond the standard requirements including outplacement services, severance payments and health benefits.
Individual career counseling services by trained specialists will offer guidance for resume writing and interview techniques.
SOURCE: Clipper Wind Power Inc.
