From pv journal Germany

Fronius plans to chop 350 jobs, in keeping with the Austria Press Agency (APA).

The firm is reportedly decreasing its workforce, significantly on the Sattledt manufacturing web site. It blamed the “present photo voltaic disaster” for its choice.

By the top of 2023, Fronius has diminished working hours and short-term employees. The firm mentioned on the time that it was “effectively ready” for the approaching yr.

According to the APA report, the corporate launched inside short-time work for 1,000 staff in PV manufacturing, however the scenario worsened within the first two quarters of 2024.

However, wholesalers diminished inventories extra slowly than anticipated. In Austria, new PV system installations have already fallen by 30% to 40% from 2023 as a consequence of decrease power prices and funding uncertainty. In Germany, the rooftop PV market has halved, the corporate reportedly mentioned. Direct query from pv journal to Fronius was not answered.

According to the company’s report, Fronius additionally cited “dumping costs from Chinese producers, flooding the European market with merchandise which are generally under manufacturing prices” as the reason for its present issues. European politicians haven’t but reacted decisively to the matter.

This content material is protected by copyright and might not be reused. If you need to cooperate with us and need to reuse a few of our content material, please contact: [email protected].