German offshore wind turbine manufacturer Adwen has announced this week it will initiate internal restructuring, cutting 260 jobs as part of parent company Siemens Gamesa’s already announced restructuring plans.
American solar manufacturer SunPower has announced restructuring plans in the wake of Donald Trump’s imposition of a 30% tariff on solar modules and cells following a Section 201 trade case, which will see the company cut up to 250 jobs and incur restructuring costs of between $20 million and $30 million.
America’s leading manufacturer of solar panels First Solar has followed its already lackluster third quarter earnings report posted earlier this month with further bad news, announcing plans to cut 1,600 jobs, and revising its full-year 2016 guidance only a fortnight after it had already done so.
SolarCity announced earlier this month that it intended to begin cutting jobs in an attempt to streamline the company’s business following lower-than-expected quarterly results and forecasted guidance. To soften the blow, somewhat, SolarCity’s co-founders, brothers Lyndon and Peter Rive, asked the board to reduce their salaries from $275,000 per year to … [continued]
