133 employees affected by Global Solar insolvency28. June 2012 | Industry & Suppliers, Markets & Trends | By: Becky Beetz
On Monday, the German subsidiary of Global Solar Energy, Inc. filed for insolvency. In an updated statement, the company has announced that its 133 Berlin workers’ salaries will be protected by an insolvency fund. Meanwhile, the search for an investor is on.
Insolvency administrator, Christian Köhler-Ma, who was appointed by the Charlottenburg District Court on June 25, said in a statement released that he felt confident following initial discussions with management and other stakeholders.
"As a world leader in flexible thin film solar cells from copper indium gallium diSelenide (CIGS), the Berlin-based company is likely to be of interest to investors," he stated, adding, "Therefore, we have immediately started looking for investors to achieve restructuring."
Global Solar Energy has been manufacturing its CIGS modules in Berlin-Adlershof since 2008. The 133 strong workforce has been protected, in the short term, until the end of August, via an insolvency fund.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 2248 views
- 2236 views
- 2052 views
- 2038 views
- 1837 views
Opinion & analysis
Why do so many believe MENA is the next big solar market?, asks Yassir Gamil, managing director of Solarpraxis' new MENA office
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!