Layoffs will occur at Southern Taiwan Science Park
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Solar power leader Green Energy Technology (綠能科技) announced Friday it was planning to lay off 203 employees, or about 20 percent of its global workforce.
The Taiwanese company is ranked No.3 in the world and the largest in the country for the production of solar cell technology, but has been losing money since 2011, the Apple Daily reported.
All job losses would occur at Green Energy’s plant inside the Southern Taiwan Science Park, while the company would concentrate production at its Taoyuan City factory, reports said.
In its statement, Green Energy said it needed to rearrange its organization and staff requirements in order to meet its “customers’ strategic planning.” A response to the “violent ups and downs” of the market necessitated a reorganization to raise competitiveness and business performance, the company news release said.