PGT lays off employees in restructuring effort
Officials at PGT, Venice, Fla., announced in an Oct. 25 release that 17 percent of the company’s indirect workforce, or 8 percent of the company’s total employees, were out of a job. The layoffs are part of a streamlining and restructuring program meant to save the company $16 million annually, according to the release. The program, prompted by in-depth analysis of target markets and company efficiency, also includes changes such as decreasing to two manufacturing shifts ... read more

Investments drive growth at Sage
Venture capitalists invested a record $844 million in more than 60 deals during the last quarter in clean technology and sustainable companies. Sage Electrochromics of Faribault, Minn., secured $16 million in one of those investments … read more

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