Advanced Energy Industries announces layoffs

Advanced Energy Industries Inc., formerly PV Powered, announced layoffs Thursday at its solar inverter plant in Bend.

Danny Herron, chief financial officer of the Fort Collins, Colo.-based company, declined to say how many Bend jobs were eliminated. Cuts were made in engineering, management and production areas, he said.

As of March, the company employed 120 people, according to Economic Development for Central Oregon’s 2011 Central Oregon Profile.

Herron said the Bend job cuts are part of a companywide effort to reduce employees. Advanced Energy has facilities across the United States and in Canada, South Korea and China.

The goal, Herron said, is to “try to structure our business to where it becomes profitable.”

Advanced Energy bought PV Powered last year for $90.3 million.

Source: Bend Bulletin