Germany's SMA cuts solar jobs as market ebbs SMA Solar Technology AG, the world's biggest maker of inverters, said it will eliminate 700 full-time jobs in Germany by the end of 2014 as the photovoltaic market it supplies shrinks. SMA Solar has begun talks with its works council to ensure the cutbacks are handled in the most socially responsible way, the Niestetal, Germany-based manufacturer said in a statement today. The company, whose
Jordan 5 Fire Red inverters are used to convert energy from solar panels into power that can be transmitted on a grid, has seen sales plunge almost 50 percent since 2010 as speculation over possible anti-dumping fees
Jordan 7 Cardinal for Chinese solar products in Europe weighed on orders. By the end of 2014, the number of full-time positions in its home market will be reduced to 3,000, SMA Solar said. For the first time in many years, measured in euros, the global photovoltaic market will decline in 2013, Chief Executive Officer Pierre-Pascal Urbon said in the statement. As market leader, we will be especially affected by this, he said, forecasting an extended
Jordan 11 Columbias period of consolidation in the solar sector.
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