SMA Solar to complete ‘restructuring’, with job cuts ‘likely’

German solar inverter manufacturer, SMA Solar, announces plans to conduct a company-wide restructuring and transformation program to cut costs of €150-200 million. The program aims to optimize cost structure, adjust organizational structure, and strategically reposition in the market. Job cuts are likely. SMA Solar's financial struggles are linked to falling inverter prices and reduced sales forecast for 2024.

Source:

https://www.pv-tech.org/sma-solar-complete-restructuring-job-cuts-likely/

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