Enphase Energy says it plans to restructure its operations, reducing its global workforce by 17% – about 500 employees and contractors – and closing its contract manufacturing site in Mexico.
The dip was primarily due to a fall in production, which was down 3.6 percentage points to 46.2%. Demand rose slightly however, up to 47.1%, leading to a contraction in backlog inventories.
DAP had to shut down production due to the compressor being shut down. The fire was limited to the air compressor unit. “The plant had been attempting to correct an electric issue prior to the ...