German solar swings from boom to bust

Germany's once booming solar sector faces a shakeout of major proportions, hit by falling panel prices, subsidy cuts, weakening demand and fierce competition from Asian rivals.

BERLIN/FRANKFURT (Reuters) - When Tino Blaesi joined the solar sector gold rush, he thought his career was made. Seven years later, he is looking for a job outside the industry after his company slashed more than a third of its workforce in one day.

Workers in Germany's once booming solar energy industry face a shakeout of major proportions following declines in the price of solar panels over the past year.

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