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SolarEdge Technologies | 8-K: SolarEdge Announces Closure of Energy Storage Division

SolarEdge Technologies | 8-K: SolarEdge Announces Closure of Energy Storage Division

SolarEdge Technologies | 8-K:SolarEdge 宣布关闭储能部门
美股SEC公告 ·  2024/11/27 05:43

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SolarEdge Technologies announced the closure of its Energy Storage Division on November 27, 2024, resulting in approximately 500 job cuts, primarily affecting manufacturing positions in South Korea. This represents about 12% of the company's total workforce, with dismissals planned for the first half of 2025. The company expects quarterly operating expense savings of $7.5 million, with full benefits realized by H2 2025.The restructuring will incur pre-tax charges of $81-99 million, including $40-49 million in asset-related impairments, $30-37 million for inventory write-offs and non-cancelable purchase orders, and $4-5 million in severance costs. The company plans to offset cash payments through asset sales, including its South Korean battery manufacturing facilities.The decision aligns with SolarEdge's strategy to focus on core solar activities and follows previous measures to adapt to market conditions. The company maintains its commitment to solar business sales of batteries for residential and commercial markets, with the restructuring expected to be completed in H1 2025.
SolarEdge Technologies announced the closure of its Energy Storage Division on November 27, 2024, resulting in approximately 500 job cuts, primarily affecting manufacturing positions in South Korea. This represents about 12% of the company's total workforce, with dismissals planned for the first half of 2025. The company expects quarterly operating expense savings of $7.5 million, with full benefits realized by H2 2025.The restructuring will incur pre-tax charges of $81-99 million, including $40-49 million in asset-related impairments, $30-37 million for inventory write-offs and non-cancelable purchase orders, and $4-5 million in severance costs. The company plans to offset cash payments through asset sales, including its South Korean battery manufacturing facilities.The decision aligns with SolarEdge's strategy to focus on core solar activities and follows previous measures to adapt to market conditions. The company maintains its commitment to solar business sales of batteries for residential and commercial markets, with the restructuring expected to be completed in H1 2025.
SolarEdge Technologies于2024年11月27日宣布关闭其能源储存部门,导致约500个工作岗位裁减,主要影响韩国的制造职位。这相当于公司总员工人数的约12%,裁员计划在2025年上半年进行。公司预计季度运营费用节省为750万美元,预计到2025年下半年可实现全部效益。重组将产生81-99百万美元的税前费用,包括40-49百万美元的资产相关减值,30-37百万美元的库存冲销和不可撤销的采购订单,以及4-5百万美元的遣散费。公司计划通过资产销售来抵消现金支付,包括其在韩国的电池制造设施。这一决定与SolarEdge的策略一致,旨在专注于核心太阳能业务,并遵循以前适应市场条件的措施。公司仍然致力于为住宅和商业市场销售电池,预计重组将在2025年上半年完成。
SolarEdge Technologies于2024年11月27日宣布关闭其能源储存部门,导致约500个工作岗位裁减,主要影响韩国的制造职位。这相当于公司总员工人数的约12%,裁员计划在2025年上半年进行。公司预计季度运营费用节省为750万美元,预计到2025年下半年可实现全部效益。重组将产生81-99百万美元的税前费用,包括40-49百万美元的资产相关减值,30-37百万美元的库存冲销和不可撤销的采购订单,以及4-5百万美元的遣散费。公司计划通过资产销售来抵消现金支付,包括其在韩国的电池制造设施。这一决定与SolarEdge的策略一致,旨在专注于核心太阳能业务,并遵循以前适应市场条件的措施。公司仍然致力于为住宅和商业市场销售电池,预计重组将在2025年上半年完成。
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