Energy Conversion Devices (ECD), a Rochester Hills-based maker of thin-film flexible solar power products, announced on Wednesday that it is moving some of its final assembly operations from Michigan to Tijuana, Mexico.

As a result of the move, the company is cutting about 140 jobs in the U.S.

“We are aggressively reducing our cost structure to operate more effectively in the highly-competitive, global solar market, and, through these actions, we will better utilize our existing capacity in Tijuana, without any additional capital costs,” said Mark Morelli, ECD’s president and CEO.

ECD (Nasdaq: ENER) was founded in 1960 and currently operates in the U.S., Mexico, Germany, France, Italy, South Korea, Japan, Hong Kong, and China.

Shares in the company were down $0.42 at $4.79 as of mid-morning on Wednesday following the announcement, a loss of about 8%

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16.08.2010, Energy Conversion Devices, Inc.

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