Satcon Technology (SATC) announces a major restructuring plan including closing a Canadian...

|By:, SA News Editor

Satcon Technology (SATC) announces a major restructuring plan including closing a Canadian manufacturing facility, slashing 140 jobs, and refocusing its product development. The solar industry supplier plans to take a Q4 restructuring charge of $2M-$3M and an inventory writeoff of $20M-$26M.