Wednesday, April 8, 2009

Capstone Lays Off 22

Chatsworth-based Capstone Turbine, a manufacturer of microturbine systems for the power generation market, announced this morning that the firm has laid off 22 positions at the firm. According to Capstone, the cuts came on March 23rd, and are on top of a February cut of 19 employees and 16 open positions at the company, bringing the firm's total employees to 212. The firm said the two cuts were made to lower the company's future operating expenses, and will save it approximately $3.7M in annual operating savings.