30 Aug '15, 10am

Hanergy Thin Film to shed 2,000 jobs as sales to parent drop 90%

Hanergy Thin Film Power Group (Hanergy TF) said in reporting first half 2015 financial results that it would be restructuring its operations with the loss of around 2,000 jobs, 37% of its workforce of 5,458 at the end of the reporting period. Image: PV Tech PV thin film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) said in reporting first half 2015 financial results that it would be restructuring its operations with the loss of around 2,000 jobs, 37% of its workforce of 5,458 at the end of the reporting period. The restructuring is a result of its parent company, Hanergy Group cancelling orders for a-Si thin-film equipment and production facilities it would then operates on behalf of its parent, due to a halt in its stocks being traded on the Hong Kong exchange and subsequent enquiry into its business relationships with non-public parent. The job...

Full article: http://www.pv-tech.org/news/hanergy_thin_film_to_shed_200...

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