Job cuts could loom

FORT COLLINS — Despite a 58 percent quarter-over-quarter increase in revenue and a decrease in net losses in the second quarter, Advanced Energy Industries Inc. (Nasdaq: AEIS) is laying out stringent cost containment and reduction measures that could include layoffs.

“We will immediately move to cutting back discretionary spending and require senior management to look at every aspect of our operations in all of our locations around the world,´ said company CFO Mike El-Hillow. “One of the possibilities would be a head count reduction.”

El-Hillow said the specifics of the plan would be developed over the next several weeks.

With the acquisition of…