Remember how Chairman Zero was going to revive the economy with “green jobs?” Well, you may want to tell that to the people at BP Solar.
BP Solar will lay off 140 employees at its Frederick manufacturing plant in November.
BP Solar said Tuesday that it is eliminating solar module assembly at its Frederick plant as part of broader efforts to lower costs by 25 percent by using outside suppliers for more efficient and higher-volume production work.
The company attributed its cost-cutting move to staying competitive in an industry dealing with soft demand, a weak credit market and an oversupply of inventory.
Weak demand and an over-supply of inventory? Hm, is it because people are catching on that solar panels last 25 years, but take 110 years to pay for themselves.