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BUSINESS & TECH

Layoffs Loom After Solar Subsidies Cut

A worker monitors production of photovoltaic cells for solar panels at a plant in Nantong, East China´s Jiangsu province, in November 2011. Photo: IC
A worker monitors production of photovoltaic cells for solar panels at a plant in Nantong, East China´s Jiangsu province, in November 2011. Photo: IC

Solar-panel makers have cut production since subsidies in the world’s largest solar market have been reduced, with some now considering layoffs.

Several central government departments, including the National Energy Administration, jointly said last month that handouts to new ordinary solar projects will be scrapped this year, and support for those that are being built will be reduced.

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