Trina Solar To Cut Jobs And Operating Costs

By Reuters:

Chinese solar panel maker Trina Solar Ltd (TSL.N) said it would cut an unspecified number of jobs and separate its photovoltaic module and systems units to reduce costs.

The announcement comes as Trina and other makers of solar panels grapple with a sharp decline in panel prices that has shrunk profit margins for nearly two years.

Trina’s vice president of investor relations, Thomas Young, said the company had not finalized the number of jobs that would be cut, but added there would be a “reduction of significant resources… Read more

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