Danbury-Based FuelCell Energy Cutting Almost 100 Jobs

Danbury-based FuelCell Energy, Inc. is cutting 96 jobs and the cuts are at the North American production facility in Torrington, corporate offices in Danbury and remote locations, according to a news release the company posted this morning.

About 17 percent of the global workforce is impacted, according to the news release.

"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," Chip Bottone, president and chief executive officer of FuelCell Energy, said in a news release.

Between layoffs and other measure, the company said it is cutting at least $6 million per year and said the production level is anticipated to be temporary and will be reevaluated as order flow dictates.

"Our value proposition for affordable, clean and continuous power that is easy to site where the power is used is compelling for addressing the power generation challenges facing society globally today. American innovation and American manufacturing combined with repurposing urban brownfields further solidifies the economic value proposition," Bottone went on to say.

Read the full release. 

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