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China's Solar Giants Cut 40,000 More Jobs Amid Overcapacity
Original: China’s Solar Giants Cut 40,000 More Jobs as Overcapacity Crisis Persists
China's largest solar manufacturers have cut a further 40,000 jobs as the industry's overcapacity crisis deepens. Massive expansion of production capacity has driven panel prices below cost, forcing companies including leading module and polysilicon makers to slash workforces and shutter plants. Observers say the layoffs highlight the toll of fierce price wars and consolidation in the world's dominant solar manufacturing sector, with more restructuring expected.
Why now: Ongoing solar industry overcapacity and price wars are forcing major Chinese manufacturers to announce fresh job cuts.
Chinasolar industryThe China-Global South Project
Evidence
- China’s Solar Giants Cut 40,000 More Jobs as Overcapacity Crisis Persists · The China-Global South Project
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