Correction: MiaSolé lets 10% of workforce go, most layoffs in engineering and equipment sectors

Updated: The greentechsolar report originally cited a 30% layoff. This was revised and corrected; requisite amends have been made throughout the text. According to a report published by greentechsolar, CIGS maker MiaSolé has let 10% of its workforce go, with most of the layoffs taking place in the engineering and equipment design divisions. The report claims that a company spokesperson verified the layoffs, but did not specify on the extent of the reduction in the workforce. The report from greentechsolar further stated that while, at one time, MiaSolé was producing 15,000 modules per week, various sources have specified that its production numbers have dropped significantly.

Greentechsolar has additionally reported that a source indicated that the company is for sale. News of layoffs and a possible sale come a few months after CEO John Carrington advised that the company was seeking a partner in order to make the company a more viable long-term player in the industry. At the time, Carrington advised, "A lot of companies are interested in this space, and if we could find the right partner that could help make MiaSolé a more long-term enduring company that's good for our shareholders and our employees, then I would support that strategy.”

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 24th Edition

    Signs earlier in the year of the global industry entering a growth phase have now been confirmed beyond any doubt. Almost all the big-name suppliers have now announced some form of manufacturing capacity expansion, a trend that analysts agree will only gather pace as long as the levels of demand predicted over the next few years turn out to be correct.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media