DANBURY, Conn. (WTNH) — A Danbury based fuel company announced Wednesday that it is cutting jobs in a new restructuring plan that includes layoffs in multiple Connecticut locations.
FuelCell Energy, based in Danbury, announced Wednesday that they will reduce their workforce by 96 positions, which they say is equivalent to 17% of their workforce. According to a news release from FuelCell, the workforce was reduced at both the North American production facility in Torrington, Connecticut, as well as at corporate offices in Danbury, and remote locations.
Chip Bottone, President and Chief Executive Officer FuelCell Energy, said that the layoffs were a necessary move.
We are streamlining our business and cost structure as we reduce our production levels to meet the backlog we have today while positioning the Company for long term success. Our employees are our most valued assets so the decision to reduce our workforce was not made lightly.”
The company, which makes and services fuel cell power plants, says the move will save at least six million dollars.