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Global Solar Energy slashes workforce by 70 percent

The employees of the CIGS manufacturer mostly affected are dedicated to Global Solar's roofing product line
Arizona based Global Solar Energy, Inc., has taken cost-cutting measures as it continues to progress the previously announced sale process and evaluate strategic options.

The manufacturer of CIGS flexible solar technology and portable solar products has reduced its work force by about 70 percent to preserve operational and production flexibility. The reduction in force consisted primarily of employees dedicated to Global Solar's roofing product line. Key technical staff and management have been retained, as well as a production team focused on select customer orders.

Related to recent events, CEO of Global Solar, Jeffrey Britt states, "We continue to work toward a solution which will preserve Global Solar's industry-leading CIGS technology and production capabilities. We have had a very strong level of investor interest which has been predicated on Global Solar's high quality products and technological strength."


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