PVA TePla to cut workforce


The management board and supervisory board of PVA TePla agreed on an additional cost reduction program today (Wednesday). The current market developments and the associated investment constraints especially in the area of business that the company specializes in have been cited as the reasons for these adjustments.

The workforce in both German cities is to be reduced by about 80 in total. The cost reduction measures and additional writedowns on inventories, especially in the solar segment, will result in a negative impact on the results in the order of approximately €6 million in 2013 according to PVA TePla. The positive EBIT contribution for the fiscal year 2013 is not longer plausible. The company nevertheless states that there will be a positive impact on costs amounting to about €4 million as a result of the corresponding reduction.

For both solar and semiconductor sectors the company is looking to increase focus on business with individual projects and partners again and has to therefore adjust capacity accordingly.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.