Panasonic Plans to Cut 50 Jobs at Solar Ingot Plant in Oregon

Panasonic Corp. will cut 50 jobs in April at a factory that makes solar ingots in Oregon amid slowing demand for photovoltaic panels in Japan.  

The plant, which employs about 140 people, began reducing ingot production in January, Chieko Gyobu, a Panasonic spokeswoman said by phone Friday after the Nikkei newspaper reported the job reductions.

The company plans to increase output once demand recovers, she said, declining to comment on the factory’s capacity. The Oregon plant has stopped producing wafers in June 2013, according to Gyobu. Ingots are converted to wafers as part of the solar-panel manufacturing process.

Panasonic said earlier that it will suspend production of solar cells and modules at a plant in Osaka from the end of this month.

Before it's here, it's on the Bloomberg Terminal.