Published On: Wed, Aug 31st, 2011

Solyndra Shuts its Doors – Possibly 900 Jobs Lost

Fremont, CA. – There are reports coming out today that Solyndra LLC shut its doors today, putting 900 people out of work. Headquartered in Fremont, California, Solyndra designs and manufactures solar photovoltaic (PV) systems, comprised of panels and mounts, for the commercial rooftop market.

Attempts to contact the company have been unsuccessful. However, workers have been seen leaving the facility with boxes of personal belongings.

In 2010 Solyndra was named “One of the 50 Most Innovative Companies in the World” by MIT’s Technology Review Magazine.

In May 2010, President Obama visited the company to promote green tech jobs. The Fremont, CA Company was chosen in part because it was the recipient of a half a billion dollars in government stimulus money.

Check back for updates on this developing story. The company is expected to make a statement today.

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  1. Eric says:

    How do you get to this point? No layoffs, no warnings?
    Great finance department.

  2. Patty says:

    On the bright side – you get laid off with your friends.

  3. Jonathan says:

    Workers are being turned away at the door!!! It’s like waking up to a bad dream.

  4. Michelle O says:

    Guess no campaign visit by BO next year … but not to worry. The Prez wants to pour billions into infrastructure “improvements” – so we’ll get hundreds more bridges to nowhere. When government artificially creates companies expect this to happen. In the market, Solyndra didn’t produce a good product effectively, and didn’t generate a market. Companies like that should go out of business … they just shouldn’t get half a billion to fund their experiments.

  5. Lisa D says:

    @Michelle O so true.. such a waste of tax dollars.

  6. tommy says:

    That is what happens when a house of cards fall. It is really time for the orange jump suits and shackles to be brought out and put on the few key execs who played the scam……..the records will show all the details if they get to them before they are burned!

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