Germany's SMA announced yesterday that it is to cut 1,600 jobs between now and the end of June in response to increased global competition and poor demand in its chief European markets. The company - which is the world's largest inverter supplier in terms of market share - announced in July last year that it would lay off 600 staff at the end of 2015, but this latest announcement would see approximately one-third of SMA's 4,667 employees lose their jobs by the midway point of this year. Most job cuts - some 1,200 - will be made in Germany. SMA's CEO Pierre-Pascal Urbon also stated that he does not expect the company to return to profit this year, revealing that further details of SMA's planned restructuring and a revised forecast for 2015 would be unveiled this Friday. The past two years have severely damaged SMA's strength in the global inverter ...Den vollständigen Artikel lesen ...