FuelCell Energy to cut almost 100 jobs in Danbury and Torrington
DANBURY – FuelCell Energy, Inc. said they will cut almost 100 jobs as part of their “cost control initiatives.”
The company, which makes fuel cell power plants, announced the “business restructuring” to reduce costs and align production levels with current levels of demand in a manner that is consistent with the their “long-term strategic plan.”
The job cuts will be made at their North American production facility in Torrington and at corporate offices in Danbury. A total of 96 positions, or about 17 percent of their global workforce, will be cut.
“We are streamlining our business and cost structure as we reduce our production levels to meet the backlog we have today while positioning the company for long-term success. Our employees are our most valued assets so the decision to reduce our workforce was not made lightly,” said Chip Bottone, President and Chief Executive Officer FuelCell Energy, in a statement released Thursday.
Just one year ago FuelCell reached out to FOX 61 to attend a groundbreaking for a 100,000-square-foot expansion at its manufacturing plant in Torrington. That was meant to double the manufacturing capacity.