Solon: Further takeover details emerge

According to German press agency, dpa, in the event of a takeover, potential investor, Microsol will continue with Solon’s production activities, virtually as normal. It is believed, however, that 25 of the insolvent company’s 450 employees will be let go.

Furthermore, Microsol has said it would close the Berlin company’s Greifswald facility, Solon Nord GmbH, where photovoltaic module production has been at a standstill since autumn. Having opened in 2004, 18 employees are based there.

The mood of Solon’s employees was said to be hopeful following Microsol’s presentation of its concept to the company. The number of possible layoffs is also said to be not too high, because part of the workforce is already looking for new work. However, dpa says there are fears that the Arabic company could announce more layoffs at a later date.

Translated and edited by Becky Stuart.