China's Longi, a solar manufacturer, announces a layoff of about 5% of its employees, potentially affecting around 7,500 people. Additionally, Lingda cancels plans to build a new $1.3 billion cell production plant amid industry challenges of severe overcapacity.
Chinese Solar Manufacturer Cancels US$1.3 Billion Factory - Bloomberg https://t.co/UfSf75A10l
Chinese solar manufacturer Lingda terminates plans to build a new $1.3 billion cell production plant as severe overcapacity threatens a wave of bankruptcies and consolidations in the industry - Bloomberg
Chinese Solar Manufacturer Cancels $1.3 Billion Factory - BBG https://t.co/ucsJ9lSVU1
Chinese solar manufacturer Lingda terminates plans to build a new $1.3 billion cell production plant as severe overcapacity threatens a wave of bankruptcies and consolidations in the industry https://t.co/WZxzP6f2SN
The move may include laying off around 7,500 people, according to a new report. https://t.co/qFylEftNO6
China's Longi says it will lay off about 5% of employees https://t.co/NJQIyR8oJW https://t.co/4W45TzgNTd