US EditionSMA Solar to Cut 350 More Jobs
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SMA Solar plans 350 job cuts amid market pressure
SMA Solar Technology AG has announced an expansion of its restructuring and transformation programme, which will see a further reduction of approximately 350 jobs worldwide by the end of 2026. The decision follows continued softness in demand and significant price pressure within the Home & Business Solutions (HBS) division, particularly in Germany. The company plans to strengthen its Large-Scale & Project Solutions business while repositioning …
SMA plans to cut 350 more jobs in residential and commercial solar business
Last week, SMA Solar announced further layoffs as part of ongoing restructuring in its residential and commercial business lines. The company plans to cut approximately 300 full-time jobs in Germany and 50 full-time jobs internationally through the end of 2026. SMA first announced restructuring plans due to market headwinds in late 2024, when it cut… The post SMA plans to cut 350 more jobs in residential and commercial solar business appeared fi…
SMA to cut 350 jobs by 2026 amid weak solar inverter market
SMA Solar Technology will reduce 350 positions worldwide as part of an expanded restructuring program to cut costs and regain competitiveness.From pv magazine Germany SMA Solar Technology said it will reduce its workforce by 300 positions in Germany and 50 abroad by 2026. The German inverter maker plans to expand its restructuring and transformation program, which began in September 2024 with announced annual savings of €150 million ($175.14 mil…
The photovoltaic company from Niestetal wants to restore its competitiveness. By 2026, 300 jobs will be lost in Germany and 50 in other countries.The activities in India and production in Poland will be expanded.Inverter and system technology provider SMA Solar Technology intends to expand its restructuring and transformation program, which started last September. At that time, savings of 150 to 200 million euros were announced annually.
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