Restructuring events
European Restructuring Monitor (ERM)
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.
As announced on 14 November 2024, the German solar technology manufacturer SMA Solar plans to cut 1,100 jobs worldwide by the end of 2025. Of these, 700 positions will be affected at the company's headquarters in Niestetal, Germany.
The cost-cutting program is in response to challenges in the business with residential and commercial solar systems. Revenue significantly declined in the first nine months of 2024. The program is expected to save between €150 and €200 million.
The company employs 4,500 people in 20 countries worldwide, including 3,200 in Germany.
Eurofound (2024), SMA Solar Technology, Internal restructuring in Germany, factsheet number 201990, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201990.