April 6 (Renewables Now) - US solar cell and module maker Suniva Inc’s decision to reduce its workforce, announced last week, will affect 59 employees at its Saginaw facility in the state of Michigan.
This is according to a WARN notice filed with the Michigan Workforce Development Agency at the end of March. In it the company says additional job cuts are possible, but such have not been scheduled at this time.
“Suniva Inc continues to explore options for future activities at the Saginaw facility, but at the present time, we cannot determine whether the force reduction will be permanent,” says the notice. For now the plant remains open.
In a press release last week Suniva said it was also laying off workers in Norcross, Georgia. The photovoltaics (PV) maker has been hurt by the expanding global overcapacity, particularly in Asia, and the surge in foreign imports which are resulting in lower prices of PV products in the US.
China’s Shunfeng International Clean Energy Ltd (HKG:1165), which holds a 63% stake in Suniva, posted a CNY-2.4-billion (USD 351m/EUR 329m) net loss for 2016 in part due to the unit’s performance.