China’s Longi says will lay off around 5% of staff, not around 30% as some media said
globalreutersMarch 19, 20241 Mins read China’s Longi Green Technology Energy is the world’s largest solar manufacturer
Overnight there were media reports the firm would cut nearly one-third of its staff as a cost-saving measure.
The firm has issued a statement confirming layoffs but putting the number much lower, at around 5% of staff.
This is better news for staff at the firm (well, for most of them) and for China-trade investors.
This article was written by Eamonn Sheridan at www.forexlive.com.
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