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 Electrical Equipment 27 - Manufacture of electrical equipment
300 jobs Number of planned job creations
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61887.
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