Posted August 05, 2018 04:00:22Sunlife Corporation will close all of its SunLife service provider locations in Florida, according to its parent company.
Sunlife, the world’s largest service provider of energy and residential energy services, announced the plan in a statement to CNNMoney on Tuesday.
The company announced that it would suspend operations of its two largest service providers in Florida — SunLife and CenturyLink.
The two major companies are based in Miami and Orlando, and each have roughly 20,000 workers.
SunLife said the decision was made after an investigation by the Florida Department of Business and Economic Development.
It said that the decision to close its two service providers was based on the fact that it does not have the financial resources to support the operations.
Sun Life said it will have to shut down some of its facilities in Florida by the end of 2019.
Sun’s service providers include SunPower, SunSun, SunLife Energy and SunPower Power.
Sunshine said it was able to maintain the financial health of its operations by providing a stable and profitable business.
The closure of its Florida service providers comes as Sun Life faces financial challenges as it tries to cut its costs as it struggles with the rise of climate change.
The company’s revenues have been falling for more than a decade.