China Solar Giants Cut 40000 Jobs Last Year
Major Chinese solar manufacturers cut over forty thousand jobs last year as severe overcapacity and falling prices kept the industry mired in financial losses.
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Xurve View
China's five largest solar manufacturers cut 40,589 jobs last year, reducing their combined workforce by 21% amid persistent overcapacity. The workforce drop followed a 31% reduction in 2024, leaving headcounts halved over a two-year span. The ongoing cuts highlight an acute paradox as surging global renewable demand fails to lift manufacturers out of losses.
