The GE plant in Newark that makes solar panels is laying off 85 employees:
Rumsey said orders have been falling and inventory piling up as potential customers struggle to find financing for photovoltaic installations, which convert sunlight to electricity.
“It’s unfortunate, but we have to align our manufacturing output with the demand that we have,” Rumsey said.
And if you think that’s a big bummer, check out this little tidbit:
But Pichel said the cost disadvantages of making solar components in the United States are becoming pronounced, and he believes more companies will outsource production to China.