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Business trends

Renewable energy rise forces layoffs at Mitsubishi Hitachi Power

Rival manufacturers of fossil-fuel power stations also cutting jobs

The rise of renewable energy is bad news for makers of coal-, oil- and gas-fired power generators.
Nikkei staff writers | Japan

TOKYO -- The dawn of renewable energy is starting to pinch at companies that build fossil-fuel-fired power plants, forcing substantial layoffs at manufacturers such as Japan's Mitsubishi Hitachi Power Systems.

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