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.
Photowatt, a company specialised on photovoltaics, announced on 19 January 2007 its plans to enlarge a factory called 'Photovoltaïque' in the east of France (Bourgoin Jallieu, Isère).
Photowatt currently employs 500 people at the site and will create 1,400 additional jobs between January 2008 and December 2009 in Bourgouin Jaillieu.
The company has invested more than 125 million USD since 2002 into Spheral Solar, a joint venture of Photowatt with another company, but has yet to see any revenue from the business. Spheral Solar, which employs about 90 people in Cambridge, is developing technology for flexible solar panels that may be used in places not suitable for rigid, rectangular panels.
Eurofound (2007), Photowatt, Business expansion in France, factsheet number 64795, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64795.