Trina Solar CEO: Business Restructuring Will Include Layoffs

Posted by SI Staff on September 12, 2012 No Comments
Categories : New & Noteworthy

PV manufacturer Trina Solar Ltd. has announced that it will separate its PV module and systems business units as part of an effort to streamline its organizational structure.

Jifan Gao, chairman and CEO, says the restructuring will involve layoffs, but he did not reveal further details.

‘In order to overcome the challenges of an increasingly competitive landscape in today's solar PV industry and achieve sustainable development, we are taking company-wide initiatives to streamline our organization,’ Gao said in a statement." These initiatives include separating our PV module and systems business units and adopting an operating expense reduction program, which will involve some headcount reductions.’

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