SoloPower Lays Off Workers, to Move Headquarters to Cut Costs
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SoloPower Inc., a closely held maker of thin-film solar panels, has “undertaken restructuring measures” and is seeking new investors after laying off employees, according to Chief Executive Officer Robert Campbell.
The company, based in San Jose, California, also plans to relocate its headquarters to Portland, Oregon, the site of its manufacturing facility, and has “sold off some surplus or redundant assets,” Campbell said today by e-mail. He declined to say how many employees were laid off.