Q-Cells, one of the world's largest maker of solar cells, has no liquidity problems at the moment, its chief financial officer told Reuters on Thursday.

At the moment, our liquidity amounts to 520 million euros ($734.6 million). This is absolutely sufficient for now, Nedim Cen said in an interview.

Earlier on Thursday, Q-Cells said it was planning to slash about a fifth of its workforce, in a move to counter the effects of a sector crisis that had forced it to cut its outlook.