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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
European Globalisation Fund (EGF)
Year: 2013, Case number: 03
1,300 jobs Number of planned job losses
Announcement Date
18 April 2012
Employment effect (start)
1 October 2012
Foreseen end date
31 December 2014
Description
US Company First Solar, a manufacturer of solar panels, announced the restructuring of its German operations. The manufacturing plant at Francfurt/Oder, eastern Germany, will be closed by the end of the year. A total of 1,200 jobs will be eliminated.
Additionally, the European sales division will be restructured which will involve the shedding of a minimum of 100 posts at Mainz. The European sales division employs a total of 175 persons and 150 posts will go.
The company said that the measures respond to reductions in state subsidies and increasing competition from China.
Eurofound (2012), First Solar, Internal restructuring in Germany, factsheet number 73453, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73453.
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