Swiss solar panel manufacturer Meyer Burger $MBTN.SW announced on Wednesday that it will implement a reduction in work hours for approximately 300 employees at its German facility starting May 1. This adjustment comes in response to temporary supply chain disruptions affecting the availability of materials essential for the production of high-efficiency solar panels.
Swedish company Hennes & Mauritz AB (H&M) is facing a significant challenge with excess inventory of unsold clothing. Despite reporting profits in the first quarter, the company plans to liquidate remaining products by the end of the year. This decision highlights the complexities retailers encounter in today's fashion market.