China’s Longi says it will lay off about 5% of employees

BEIJING (Reuters) – China’s Longi Green Technology Energy, the world’s largest solar manufacturer, will lay off about 5% of its employees, the company said in a statement on Tuesday.

It added that a media report saying the company had plans to lay off 30% of its employees is false.

(Reporting by Colleen Howe and Ellen Zhang in Beijing; Writing by Emily Chow; Editing by Muralikumar Anantharaman)