Troubled wind turbine manufacturer American Superconductor (AMSC) announces it has slashed its...

|About: American Superconductor ... (AMSC)|By:, SA News Editor

Troubled wind turbine manufacturer American Superconductor (AMSC) announces it has slashed its workforce by over 20%, leaving it with just over 400 employees. The cuts are part of a plan to cut expenses by over $50M, and the company expects to record a restructuring charge of $3M for this particular move in Q4. Shares -86% YTD.