Solarworld announced it is reducing around 500 temporary workers to adjust production to demand. Around 300 people will be reduced in Freiberg and 200 temporary workers in Arnstadt. According to management, the number of permanent employees will not be reduced. Production will be reduced due to the overcapacity in the market caused by Chinese suppliers. In the last few months, prices have declined further by around 10%.
21 Sep 2016
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SolarWorld AG (0QJC:LON) | 0 0 0.0% | Mkt Cap: 9.38m
- Published:
21 Sep 2016 -
Author:
Heinz Steffen -
Pages:
2
Solarworld announced it is reducing around 500 temporary workers to adjust production to demand. Around 300 people will be reduced in Freiberg and 200 temporary workers in Arnstadt. According to management, the number of permanent employees will not be reduced. Production will be reduced due to the overcapacity in the market caused by Chinese suppliers. In the last few months, prices have declined further by around 10%.