The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.11 - Manufacture Of Electronic Components
New offshoring locations
United States of America
500 jobs Number of planned job losses
Announcement Date
27 March 2024
Employment effect (start)
30 April 2024
Foreseen end date
Description
Swiss solar manufacturer Meyer Burger has announced the closure of its Freiberg (Saxony) production site for solar modules, resulting in the loss of 500 jobs. The closure is due to losses, market distortions caused by strong competition from state-subsidised solar modules from China, and the lack of state subsidies from Germany.
The majority of the affected jobs are in production. Of the approximately 500 employees, around 400 have already been given notice and are to be made redundant by the end of April due to their short notice period, while talks are underway with the remaining 100 employees regarding a potential relocation. Following the company's announcement that it was considering closing the site, the IG Metall trade union called on the German government to decide on subsidies for the industry.
Meyer Burger has approximately 1,400 employees worldwide, with locations in Switzerland, Germany, Asia, and the USA.
Eurofound (2024), Meyer Burger, Offshoring/Delocalisation in Germany, factsheet number 201038, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201038.
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