Iberdrola laying off 25 in Portland
Officials at Iberdrola Renewables said Tuesday that the company would lay off 50 employees in the U.S., including 25 at its headquarters in Portland.
Citing a weak market driven by low energy prices, a poor economy and regulatory uncertainty, the company said in a statement that it will focus on operations rather than any new renewable energy projects in 2012.
"We're a strong company with a solid balance sheet, positive cash flow and no real debt – we’re here for the long-term," said Jan...