Fronius to cut 350 jobs
- Admin
- Jun 6, 2024
- 1 min read
Fronius plans to cut 350 jobs, citing the 'current solar crisis'. The company invested €420 million to expand production but faced challenges due to slow inventory reduction by wholesalers and declining PV system installations in Austria and Germany. The situation worsened in the first two quarters of 2024. Fronius also mentioned 'dumping prices from manufacturers in China' as a significant issue.
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