Some Hanwha Q CELLS factories in South Korea completely suspend operations due to slump in solar business = South Korea

On December 17th, Hanwha Q CELLS, the solar power generation division of Hanwha Solutions, a member of the Hanwha Group, completed construction of its Eumseong factory in Chungcheongbuk-do (Chungcheongbuk-do).
announced that it would completely suspend operations. The factory, which began operations in 2015, is a base for producing modules for solar power generation equipment. Annual production will reach 3.5 gigawatts.
Regarding the suspension of operations at the Eumseong factory, the company said, ``The decision was made to improve efficiency in module production.It will not affect our business activities.''
Due to the suspension of operations at the Eumseong plant, the company's annual production capacity in South Korea will be reduced from 6.2 GW to 2.7 GW. Hanwha Q CELLS said, ``In South Korea, Jincheon in North Chungcheong Province
) We will enhance cell manufacturing technology centered on our factories, convert production lines, improve efficiency in factory operations, and maximize tax benefits related to the U.S. Inflation Control Act (IRA).''
did. In connection with this, from November 29th to December 3rd, the company is inviting employees to voluntarily retire for the first time since its founding. Voluntary retirement applications are accepted in South Korean cities such as Jincheon and Eumseong.
This is a production position where you have been working at a factory for more than one year. The company plans to complete all retirement procedures by the end of the year.