April 19, 2011 / 12:08 PM / in 6 years

UPDATE 1-Day4 Energy to cut 30 jobs at Burnaby facility

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April 19 (Reuters) - Day4 Energy Inc , a Canadian solar photovoltaic products maker, said it will cut 30 jobs at its Burnaby production facility in British Columbia to reduce costs.

Day4 Energy had a total of 198 employees as of March 30, according to its website.

The company said it would record a restructuring charge in the second quarter of 2011.

The solar energy company, which bought German equipment maker ACI Ecotec last year, said the workforce reduction would help it focus on Europe operations.

Shares of the Vancouver, British Columbia-based company closed at 39 Canadian cents on Monday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore;Editing by Vyas Mohan)

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