Sharp to Halt Solar Panel Production at Memphis Plant

Bloomberg
Sharp, a Japanese electronics maker, will stop solar panel production at its factory in Tennessee as it reviews its photovoltaic panel business. Output will stop by the end of March, and the number of jobs to be cut at the plant in Memphis will be decided after talks with the labor union, said Miyuki Nakayama, a spokeswoman for Sharp. The Nikkei newspaper reported that as many as 300 employees are expected to be dismissed at the factory. The Osaka-based company is reconsidering its production capacity for solar products, Nakayama said. Sharp said last month that it will stop producing solar panels at its U.K. plant in Wales by the end of February and cut as many as 250 employees. “We are in the middle of structural reform for our solar business,” Nakayama said.