Just over a week after Solar-Fabrik was granted the right to self-administration insolvency, the application of which had been initially rejected by the district court in Freiburg at the start of May, the company has announced it will let 65 people go.
In a statement issued, the company said it had reached an agreement with the workers' council. "The individual separations will be communicated by the end of May and will lead to cost reduction within the following three months due to insolvency regulations," it read.
The decision to reduce its workforce to 90 is expected to lead to "massive" cost reductions and, thus, make the company more attractive to potential investors, says Solar-Fabrik.
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.
Share
Becky Beetz
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.