Check for warming centers near you
WEATHER WATCH: Arctic chill sets in over the Northeast
What’s on your Fall #CTBucketList?
Register for the 83rd Manchester Road Race

Connecticut company lays off 135 employees


DANBURY  — A Connecticut fuel cell maker has announced that it is laying off 135 employees, a move it says will save $11.5 million annually.

The News Times reports that FuelCell Energy Inc. announced the layoffs Friday. The company has headquarters in Danbury and its main factory in Torrington.

FuelCell reported a $33 million loss in the first quarter of its fiscal year covering November through January, with revenue down by more than half to $17.8 million. The company’s assets totaled $346 million entering February, including $27.7 million in cash unrestricted by any contractual requirements.

In January, FuelCell reworked the terms of a $10 million loan from the state, reducing a job requirement.

The company reported having 430 employees in Connecticut as of October.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.