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Home> Blog> The solar market is sluggish, and the leading factory in Taiwan, China, has reduced its manpower by 200 people.

The solar market is sluggish, and the leading factory in Taiwan, China, has reduced its manpower by 200 people.

March 04, 2023

The solar energy situation has been severely revised, the price of the product has been falling, and the survey is estimated to be difficult to warm down at the end of the third quarter. In Taiwan, not only the solar cell factory, but also the new high-end executives of the new day, frequently sell shares, the solar cell leading factory Modi On the 19th, it was also reported that 200 foreign workers were abolished for manpower adjustment.

Mao Di, the leading solar cell factory in Taiwan, China, reported to the Nanke Administration on the 19th that it had reduced the number of manpower and about 4% of the total number of employees, and that it was planned to put unpaid leave, which was also made by Motech. In response, Moody said that the 200 manpower reductions were short-term manpower adjustments for foreign workers, and the company did not plan for unpaid leave, and stressed that the manpower adjustment did not affect local labor rights.

However, the manpower adjustment of Mao Modi also highlights the current situation of poor solar market conditions. Under the continuous decline of product prices, manufacturers can only bite their teeth if they are not willing to pay for the orders, including Mao Di, a solar cell manufacturer in Taiwan, China. Jingjing, Modi, and Sunshine Electric are all facing the problem of sharp decline in production capacity.

The solar market is sluggish, and the leading factory in Taiwan, China, has reduced its manpower by 200 people.

EnergyTrend, the green energy business unit of the research institute Jibang Technology, previously predicted that the demand for solar energy market is freezing, and the visibility of orders in the third quarter is not good. The wafers, batteries and modules are facing a continuous backlog, and the battery has entered negative gross profit. The price war, Jibang Technology predicts that the fourth quarter market conditions may not be optimistic.

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