The Latest: Ohio solar panel plant will lose 450 jobs



Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

TOLEDO, Ohio (AP) — The Latest on First Solar's job cuts and restructuring (all times local):

5:25 p.m.

The biggest U.S. manufacturer of solar panels is cutting a quarter of its jobs worldwide and will start by eliminating 450 jobs at its only North American plant, in Ohio.

First Solar Inc. said Thursday the cuts at its production plant near Toledo will begin next week. It says it's facing challenging market conditions and needs to retool operations to begin making a more efficient solar panel.

First Solar is based in Tempe, Arizona, and will cut 1,600 jobs worldwide.

The company says some production will continue at its Ohio plant along with its research and development. The site employs about 1,400 people.

First Solar CEO Mark Widmar says the Ohio plant has higher production costs than its international manufacturing facilities.

___

4:30 p.m.

The biggest U.S. manufacturer of solar panels is cutting a quarter of its jobs worldwide and will reduce production at its only North American plant, in Ohio.

First Solar Inc. says it's facing challenging market conditions and needs to retool operations to begin making a more efficient solar panel.

The company is based in Tempe, Arizona, and will cut 1,600 jobs worldwide.

Details about the restructuring plan haven't been released. But the company says it will reduce production at its plant near Toledo, Ohio, where it employs about 1,400 people.

First Solar CEO Mark Widmar says the Ohio plant has higher production costs. But he says Ohio will continue to be its innovation center.

___

This item has been corrected to show Ohio production will be reduced, not halted.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast