Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published December 22, 2010 at 10:50 AM | Page modified December 22, 2010 at 11:05 AM

Comments (0)     E-mail E-mail article      Print Print      Share Share

Intel solar spinoff announces NY plant closing

A solar technology company spun off by Intel Corp. has announced it will close a manufacturing plant at its upstate New York headquarters and lay off more than 100 workers less than a year after the plant opened.

The Associated Press

HOPEWELL JUNCTION, N.Y. —

A solar technology company spun off by Intel Corp. has announced it will close a manufacturing plant at its upstate New York headquarters and lay off more than 100 workers less than a year after the plant opened.

In a short news release, SpectraWatt blamed the shutdown on a steep decline in demand for solar cells due to a harsher-than-usual European winter. The news release said the company hopes to reverse the situation that led to the decision.

SpectraWatt officials did not respond to requests for details Wednesday.

SpectraWatt, created in June 2008, makes photovoltaic cells in a plant opened at IBM's Hudson Valley Research Park earlier this year. It also has research and development facilities in Hillsboro, Ore.

A formal filing with the state labor department Tuesday said the company will start layoffs in March.

SpectraWatt was offered about $8 million in government subsidies to help get it started, along with at least $91.4 million in private investment.

The company's startup was touted by Gov. David Paterson, U.S. Labor Secretary Hilda Solis and Rep. John Hall as an example of the creation of "green jobs" through investment in alternative energy technology.

The announcement came as a shock to local economic development officials.

"You could have knocked me over," John MacEnroe, president of the Dutchess County Economic Development Corp., told the Poughkeepsie Journal after Tuesday's announcement.

Charles North, president of the Dutchess County Regional Chamber of Commerce, said, "I'm certainly disappointed, and, actually, I'm shocked."

E-mail E-mail article      Print Print      Share Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

News where, when and how you want it

Email Icon

Comments
No comments have been posted to this article.

advertising

Video

Advertising

AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech

Marketplace

Advertising