By: Benzinga
November 28, 2012 at 08:32 AM EST
AMSC Announces Cost Reduction Action, to Cut Workforce by ~25%
AMSC today announced that it has reduced its workforce by approximately 25 percent and is consolidating office space to lower operating costs and enhance liquidity in response to challenging conditions in the wind power market. Reductions have been made across all of AMSC's major geographic locations and functions. The company now has a global
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