World’s largest solar panel maker to slash thousands of jobs
Baua Electric
MARCH 18, 2024
Photo by Los Muertos Crew on Pexels.com China’s LONGi Group is laying off up to 30% of its workers to accelerate cost-cutting, according to Bloomberg. Cheap Chinese solar panels are also making it hard for European and US solar panel makers to compete. The US added a record-setting 32.4 gigawatts (GW) of solar capacity in 2023.
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