Five of China's largest solar makers, Longi Green Energy, Trina Solar, Jinko Solar, JA Solar and Tongwei, cut about 20% of their staff in 2025, ending with more than 154,000 employees, down over 40,500 from a year earlier; the cuts mainly hit manufacturing, R&D and administration. After a reduction of more than 30% in 2024, roughly half of their workforce has lost jobs in two years. Despite the solar boom, the companies have lost money for years due to overcapacity, and last year's plan led by top polysilicon producers to consolidate and raise prices collapsed. Jefferies expects 150-200 GW of Chinese installations this year, down from a record 315 GW last year, while exports of solar cells and modules fell 10% in the first eight months. Thunder Said Energy data show average module prices for the top five makers fell from $350 per kW in 2019 to $130 last year, and EBIT slid from -8% in 2024 to -13%. Analysts say layoffs only narrow losses, while energy consumption standards effective January 1, 2027 could force out excess capacity.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Các công ty điện mặt trời Trung Quốc sa thải hơn 40.000 nhân sự năm ngoái
Read the original on VnExpress ↗
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