China’s solar industry in crisis – overcapacity leads to mass layoffs
China’s largest solar companies lost nearly a third of their workforce last year. Company reports show that Longi Green Energy, Trina Solar, Jinko Solar, JA Solar, and Tongwei together cut around 87,000 jobs. That corresponds to an average of 31 percent of their employees. The industry, which Beijing once specifically promoted as a growth engine, […]
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