First Solar Plans Restructuring, Cuts Manufacturing Line and Announces Layoffs

First Solar Plans Restructuring, Cuts Manufacturing Line and Announces Layoffs

When solar analysts talk about the solar coaster, they aren’t kidding. News on November 16 that U.S. thin-film solar module manufacturer First Solar was planning to lay off a significant portion of its workforce, cancel its series 5 module production line and restructure the company hit the industry hard, especially since the news came just one week after the U.S. presidential election in which Trump was elected.

But it’s important to remember that while the news did coincide with the news that the Trump administration will be taking office in January 2017, the two announcements have nothing to do with one another.

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