SolarEdge has announced a company restructuring plan that includes an approximate 16% workforce reduction, or around 900 employees.
Designed to align its cost structure to current market dynamics, other cost reduction efforts include discontinuing manufacturing in Mexico, manufacturing reductions in China and termination of the company’s light commercial vehicle e-mobility activity.
“We have made a very difficult, but necessary decision to implement a workforce reduction and other cost-cutting measures in order to align our cost structure with the rapidly changing market dynamics,” says SolarEdge CEO Zvi Lando.
“We are making every effort to treat our departing colleagues with respect and gratitude for their contributions and support them in their transition. We remain confident in the long-term growth of the solar energy market and our leading position in the smart energy space. These changes do not impact our strategic direction and priorities and we remain committed to continue to drive the renewable energy transformation, while providing best in class technology and support to our customers.”
The post SolarEdge to Reduce Global Workforce appeared first on Solar Industry.
As a financially comfortable, educated, straight white male, one might think I’m impervious to any of Trump’s policies.
I have a weakness, however, and it’s one I share with virtually every other progressive on the planet–I care deeply the well-being of other people. It disturbs me greatly to see other people suffer, especially when that suffering would be so easily avoided.
At left is a great example of a fallacy called a “false dichotomy.”
We all crave information that backs up what we already believe, and, in general, Trump supporters have this going on in spades.
When we think about it, isn’t in possible to both protect American citizens and respect the Constitution rights all people living here?
What would one expect a sycophant to say?
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