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.
Solarwatt, a German solar technology company, announced in November 2024 that it would cut 500 jobs in Dresden by 2025. The job losses are distributed approximately equally between production and other corporate functions.
The restructuring is driven by a strategic transition to becoming a solutions provider, with a focus on utilising artificial intelligence to optimise energy delivery. Solarwatt will shift from manufacturing solar modules and batteries in Dresden to offering integrated energy solutions under the Solarwatt Home brand. The company will outsource the manufacturing of its components to contract manufacturers in Asia.
Solarwatt employed approximately 850 people in Germany as of 2023. The company plans to reduce its workforce to around 350 employees by the end of 2025.
Eurofound (2024), Solarwatt, Offshoring/Delocalisation in Germany, factsheet number 300453, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300453.