Spain's T-Solar to cut factory workers
Having filed for insolvency last month, Spanish PV group T-Solar has taken the first steps towards letting go some 170 workers at its module factory in Galicia, according to reports.
T-Solar is one of the few remaining significant PV manufacturers in Spain – once one of the world’s largest markets – and among the largest solar-focused independent power producers in the world, with nearly 300MW on line.
As recently as February the Madrid-based company commissioned a 12.3MW project in India, and it has a pipeline of projects in key emerging markets around the world, including the US and Latin America.
But the company’s more than €60m ($80m) of outstanding debt became unsustainable, and it has been left with no choice but laying off the factory workers. Negotiations with local trade unions are ongoing.
T-Solar has implemented several rounds of temporary layoffs since last year.