July 31, 2015 Comments Off on Maxwell Technologies Has Layoffs Views: 647 California News, San Diego

Maxwell Technologies Has Layoffs

Our latest unfortunate news has to do with layoffs again.

Maxwell Technologies, a maker of ultra capacitors, is reducing its workforce. Mostly what will be cut is industrial employment in San Diego and Peoria, Ariz. Maxwell’s net loss was nearly $9.4 million in its most recent quarter. Revenue came in at $37.8 million.

Maxwell has been hurt by shortened sales is China, where it sells most of its wares.

Read More at San Diego Business Journal

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