Longi Founder Li Zhenguo Faces Challenges Amid Solar Industry Upheaval
Solar Industry Challenges in China
The solar sector in China is currently undergoing a period of turmoil, primarily due to oversupply issues. This has prompted Longi founder Li Zhenguo to make tough decisions, including layoffs.
Layoffs at Longi
Li Zhenguo is forced to lay off thousands of staff members at Longi in response to the challenging market conditions. The company's workforce reduction reflects the severity of the situation.
- Thousands of staff laid off
Amidst the upheaval, concerns arise about the future prospects of the solar industry in China and the strategies needed to overcome the current challenges.
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