Abound Solar lays off 180

Filed under: AM Roundup |

Abound Solar in Longmont is laying of 180 people as it changes the type of solar panel it produces, according to the Denver Business Journal.

Abound received a 2010 stimulus package, federally backed loan in the amount of $400 million.

The company said it will stop making the first generation panels, capable of 10.5 percent of the sun’s power into solar energy. When the layoffs are complete, Abound will employ about 130 people.

Read more at the Denver Business Journal.