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 (28) Manufacture of machinery and equipment 28.1 - Manufacture of general-purpose machinery 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
320 jobs Number of planned job losses
Announcement Date
24 March 2012
Employment effect (start)
30 April 2012
Foreseen end date
31 December 2012
Description
Centrotherm, a leading technology and equipment provider for the photovoltaic sector, is to cut 320 posts in Southern Germany. The cuts include 20 jobs at a newly established research centre at Konstanz. The restructuring decision is taken as to a decrease in public financial support for the photovoltaic sector.
Sources
24 March 2012: Handelsblatt
Citation
Eurofound (2012), Centrotherm, Internal restructuring in Germany, factsheet number 73477, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73477.