Vestas may cut local workers' hours ( Under-employment insurance ? )

Pueblo Chieftain, ^ | December 12, 2012 | DENNIS DARROW

[george76]

Vestas workers in Pueblo could face the same cut in work hours as their counterparts in Northern Colorado... Workers in Windsor and Brighton will see their work hours reduced to 32 hours from 40 hours starting in January.

Part of the workers' lost wages will be covered by unemployment insurance under a work-share plan announced by the company and the state Department of Labor.

...

Vestas and other wind energy companies are in the midst of a sharp slowdown in U.S. due to falling orders and also the scheduled expiration of a federal wind energy tax break.

The wind energy companies also forecast a slowdown globally next year...

The work-share plan was approved by the state Department of Labor and Employment and workers will receive payment for the lost hours from an unemployment insurance trust fund, Vestas said.

Denmark-based Vestas employs about 1,100 workers in the state, down from 1,700 earlier this year

[Psycho_Bunny]

“The work-share plan was approved by the state Department of Labor and Employment and workers will receive payment for the lost hours from an unemployment insurance trust fund”

It’s beyond belief.