PV inverter supplier SMA Solar is to lay off 425 full-time staff and discontinue China as a location as part of a restructuring plan announced in September in order to return the company to profitability quickly.
The planned restructuring measures, due to be implemented from January 2019, include the sale of the Chinese companies to the management there.
With the measures that have now been resolved, the SMA Managing Board is demonstrating its commitment to Germany as a business location. The measures are aimed at reducing SMAs fixed costs and making optimal use of our capacity at the headquarters by focusing on our core competencies, outsourcing and automating activities, and reorganizing structures. Unfortunately, the reduction of the…
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