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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
200 jobs Number of planned job losses
Announcement Date
24 April 2012
Employment effect (start)
24 April 2012
Foreseen end date
1 May 2012
Description
On 24 April 2012, the Board of Directors of REC (Renewable Energy Corporations) decided to close down the solar cell plant in Porsgrunn, Norway. The decision will result in 370 employees being made redundant, 170 of whom have already been temporarily laid off.
The decision was expected since the plant has been generating losses for long time now.
Sources
24 April 2012: Telemark Arbeiderblad
24 April 2012: E24
Citation
Eurofound (2012), Renewable Energy Corporations (REC), Closure in Norway, factsheet number 73682, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73682.
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