133 employees affected by Global Solar insolvency
28. June 2012 | Industry & Suppliers, Markets & Trends | By: Becky BeetzOn 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.
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