27 Jan '15, 8am

SMA Solar cutting a further 1,000 jobs by mid-year on lowers sales forecast

MA Solar Technology is slashing a further 1,000 jobs, primarily in Germany due to lower expected sales in 2015 from its traditional German and European markets. Image: SMA Solar Leading PV inverter manufacturer, SMA Solar Technology, is slashing a further 1,000 jobs, primarily in Germany due to lower expected sales in 2015 from its traditional German and European markets. SMA Solar had previously announced around 600 full-time job cuts in a bid to return to profitability. The company noted that a total of 1,600 job cuts would be implemented by the end of June 2015. The company said that around 1,300 full-time jobs in Germany and approximately 300 full-time positions in international locations would be cut. SMA Solar had 4,667 full-time employees at the end of 2014. “We expect to see high price pressure on the global photovoltaic market still in the coming years and a furth...

Full article: http://www.pv-tech.org/news/sma_solar_cutting_a_further_1...

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