MILPITAS, Calif.–( COMPANY CORD)– SolarEdge Technologies, Inc. (” SolarEdge” or the “Firm”) (NASDAQ: SEDG), an international leader in wise power modern technology, revealed today that as component of its concentrate on its core solar tasks, it will certainly stop all tasks of its Power Storage space department. This choice will certainly lead to a labor force decrease of about 500 staff members, a lot of whom remain in South Korea. The anticipated quarterly overhead cost savings because of the closure are about $7.5 mil
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