By: Central News Agency
Solar cell maker Motech Industries Inc. will further scale down its workforce by about 2 percent as it copes with challenges facing the solar industry after announcing last week it would terminate the employment contracts of 300 migrant workers.
In a statement Tuesday, Motech said it is facing severe challenges and difficulties in the solar industry and is dealing with them by taking initiatives to streamline its organization and adjust its corporate strategy.
It said that in view of current operating conditions, it would downsize its support staff to lower costs and improve its overall competitiveness, the statement said.
Estimating that the plan would affect about 2 percent of its workforce, or about 60 employees, Motech called it a “painful decision” but stressed it had to move forward with the adjustment because of the rapidly changing and uncertain market. [FULL STORY]