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Thursday, December 08, 2016

SunPower Says It's Laying off 25% of Its Workforce

http://fortune.com/2016/12/07/sunpower-corporation-lay-offs/

SunPower, the No. 2 U.S. solar panel maker, said on Wednesday it would lay off about 25% of its workforce, or 2,500 employees, and close one plant as part of a cost-cutting plan announced last month to counter slumping prices.
Solar companies have been hard hit after stiff competition pushed prices of solar panels lower and as customers held off purchases in the hope of a further decline in prices.

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