Last week, SMA Solar announced further layoffs as part of ongoing restructuring in its residential and commercial business lines. The company plans to cut approximately 300 full-time jobs in Germany and 50 full-time jobs internationally through the end of 2026.
SMA first announced restructuring plans due to market headwinds in late 2024, when it cut 1,100 jobs.
“In view of the continuing weak market and immense price pressure in the home and commercial sectors, we must expand our ongoing restructuring and transformation program, particularly in the Home & Business Solutions division,” said CEO Jürgen Reinert.
SMA said it is also hoping to shore up savings through:
- an adjustment of the production strategy that, through reduced vertical integration in terms of hardware and an expansion of in-house production capacities in Poland, enables stronger internationalization, and
- a more efficient service strategy with improved service times, reduced costs and adjusted prices.
The company has already begun initial discussions with employee representatives regarding the necessary further job cuts. Official negotiations will begin next Monday and are expected to be concluded in November. SMA plans to begin implementing job cuts in January 2026.
“While the business with solutions for large-scale power plants is developing very well and we have been able to expand our market position, we are currently experiencing a strong decline in new installations in the residential sector compared to 2024 — particularly in our core market, Germany,” said CFO Kaveh Rouhi.
News item from SMA
