SMA -Zonnet technology will reduce 350 positions worldwide as part of an extensive restructuring program to save costs and to regain competitiveness.
SMA Solar Technology said it will reduce its workforce by 2026 with 300 positions in Germany and 50 abroad.
The German inverter maker plans to expand his restructuring and transformation program, which started in September 2024 with annual savings of € 150 million ($ 175.14 million) to € 200 million.
The company gave a “persistently weak” market to blame and the intense price pressure in the residential and commercial sectors for the decision. For large -scale power plants, on the other hand, on the other hand, on the other hand, are performing well.
SMA said it aims to put the home and business division back on a clear path to success “and to protect the position of the company by a balanced development of both divisions. “We will recover our competitiveness by concentrating even more on our core competencies in the future,” said SMA CEO Jürgen Reinert.
The company said that the core strengths include technical expertise in cyber security and quality, as well as the ability to “develop holistic solutions according to the highest international and national standards.”
SMA outlined further measures to save costs. It is planning to achieve extra annual savings of more than € 100 million after its existing program. The relocation follows his September revision of sales and profit forecasts before 2025.
SMA said it will reduce “about 300” full -time jobs in Germany and 50 internationally. Discussions with co-determination offering have begun. The company employs around 4,000 people worldwide. The reduction, planned to start and close in January by the end of 2026, amounts to a reduction of just over 9%.
The company identified three headlines for savings in the residential and commercial sectors: “optimization” research and developmental spending, including adjustments to the product portfolio; expanding the use of his center of excellence in India; And withdraw from unprofitable markets.
It is also planning to reduce vertical integration by outsourcing some production, expanding the capacity in Poland and ‘internationalizing’ activities. In addition, SMA wants to implement a more efficient service strategy with “improved service times, lower costs and adjusted prices.”
Further savings will be pursued throughout the company. Olaf Heyden, who became Chief Transformation Officer in February, said that the original saving goal is “within reach”, but the current situation makes it “necessary to make further adjustments to our cost basis and our business model”.
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