SMA Solar launches restructuring plan to save up to €200 million
- Admin
- Sep 26, 2024
- 1 min read
SMA Solar Technology AG has launched a group-wide restructuring and transformation program to achieve cost savings of €150 million to €200 million. The company plans to optimize its cost structure, adjust its organizational and operational setup, and strategically reposition itself in the market. Job cuts are likely as discussions with the co-determination body will take place in the coming weeks. SMA aims to increase profitability and strengthen financial stability.
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