Komax Solar lays off 70 workers

Share

At the start of this year, the Switzerland-based company had a 285 strong workforce, most of whom reportedly worked outside of Switzerland. However, in order to adapt to the market conditions, it is having to let 70 go. Despite this, the company is confident of the future of solar.

"The global solar market remains in the grips of a crisis whose end is currently difficult to foresee. As a result, Komax Solar is making further efforts to adapt its structures to the present demand situation," it said in a statement released. It added "However, solar will remain an attractive market in the longer term. The product range is being further developed and marketing efforts continue. Komax Solar remains well placed to benefit from the expected upturn in the new market setting."

On the same day, May 31, Komax announced that it had acquired wire processing company, MCM Cosmic KK. Based in Tokyo, it has a workforce of 15.

Komax Solar develops equipment for the production of both crystalline and thin film photovoltaic modules.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.