Major PV energy provider SunPower has said it is to restructure operations with 85 to 115 jobs losses, primarily in Europe. Charges are expected to be in the range of US$15 million to US$25 million and be accounted for in the current fourth quarter.
SunPower noted in an SEC filing that the restructuring was part of an effort to improve overall operating efficiency and cost structure and would be completed by the end of fiscal 2015.
The jobs losses were said to account for around 1% to 2% of SunPower's global workforce. The filing did not say what job functions would be cut. The company has a module assembly plant in France, formerly Tenesol, owned by Total.
SunPower recently confirmed to PV Tech that the former Tenesol module assembly plant in South Africa was shuttered last year. The company did not announce the closure.
Recently, the company announced the establishment of a new 160MW module assembly plant in Cape Town to assemble its high-efficiency E20/440 panels, which would be in 2015.
EMEA accounted for only 6% of revenue in the third quarter of 2014, down from 20% in the prior year period.