Overcapacity and fierce competition are the reasons for the reported layoff. Image: LONGi
Major Chinese solar manufacturer LONGi is reportedly cutting about 30% of its workforce as it adapts to growing overcapacity in the solar sector.
According to a report from Bloomberg, LONGi employed about 80,000 staffers last year at its peak, which means that the reported redundancy could involve as many as 24,000 employees. As of 30 April 2023, LONGi had 60,601 employees, according to information on LONGi’s website.
(The above content is reproduced from pv-tech，By Simon Yuen）
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