No surprise here yet they keep pushing this crap.
More here. http://www.theblaze.com/stories/yet-another-govt-sponsored-clean-energy-project-results-in-layoffs/
Considering that this is yet another government-sponsored clean energy investment that has experienced layoffs, and contrary to what Energy Secretary Steven Chu’s says, Fisker Automotive hardly seems like “proof positive” that the White House’s efforts to create new jobs are working.
- Fisker Automotive is given $193 million of a $529 million DOE loan to produce two lines of plug-in hybrid cars and, presumably, create jobs
- The company is unable to find a contract manufacturer in the United States, so it outsources manufacturing jobs to Finland (the company vehemently denies charges that it has used any part of the federal loan to fund manufacturing operations in Finland)
- The automaker falls behind its production schedule and experiences“delays” in its sales (i.e. poor sales), depleting its capital
- But to qualify for the rest of the $529 million loan guarantee, the company has to maintain a certain amount of capital
- Therefore, in order to meet this DOE benchmark, Fisker Automotive decides it will save money by laying off an “undisclosed number” of employees
More here. http://www.theblaze.com/stories/yet-another-govt-sponsored-clean-energy-project-results-in-layoffs/