Fort Collins Solar Energy Company Moving Jobs To China

FORT COLLINS, Colo. (AP) – A Fort Collins solar energy company is moving some of its workforce to China to improve profits.

Advanced Energy says it is laying off at least 5 percent of its Fort Collins workforce.

The company refuses to disclose the number of workers being laid off, but the Fort Collins Coloradoan says the jobs are being cut in the thin films and solar inverter divisions.

The company says it employed 1,700 people worldwide and between 500 and 600 in Fort Collins.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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