SolarWorld AG

Type
Business expansion
Country
Germany
Region
Sachsen; Chemnitz; Mittelsachsen
Location of affected unit(s)
Freiberg
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
300 jobs
Number of planned job creations
Job creation
Announcement Date
1 July 2005
Employment effect (start)
1 August 2005
Foreseen end date
31 December 2006

Description

Producer of equipment for the generation of solar power SolarWorld has announced the creation of 300 jobs at its headquarters in Freiberg, Saxony. SolarWorld has gone public in 1999 and its turnover is growing by 40 % a year. High energy prices help to fuel demand for SolarWorld's advanced equipment. The company therefore plans to increase its capacity strongly.

Sources

  • 2 July 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), SolarWorld AG, Business expansion in Germany, factsheet number 61887, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61887.