[Reuters] AMSC slashes workforce, cuts outlook on weak wind energy market

Posted by: UGN Security

[Reuters] AMSC slashes workforce, cuts outlook on weak wind energy market - 11/28/12 05:52 PM

(Reuters) - AMSC said it laid off about a quarter of its workforce and forecast a larger-than-expected loss for the current quarter as the power technology company struggles to stem losses caused by overcapacity and weak demand in the wind power market.