REC Solar adjusts production volumes

Technicians from REC Solar install a ground-mounted array to serve the vineyard at Alban Winery, Arroyo Grande, CA. Photo: Winesandvines.com.

Sandvika, April 3, 2009: REC Solar has decided to reduce second quarter production of solar cells and modules by close to 50 percent.

With reference to the challenging market environment for the solar industry in the first quarter 2009, REC Solar has experienced solar cells/modules inventory build-up.

Consequently, REC Solar has decided to reduce second quarter production of solar cells and modules by close to 50 percent. Approximately 180 employees will be affected through terminations of temporary employment contracts, temporary lay-offs of permanent employees and rescheduled vacations.

With good contract coverage, REC does not expect changes to the production of cells and modules in the third and fourth quarter of 2009.

Source: REC.