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 Computer, Electronic And Optical Products 26.11 - Manufacture of electronic components
220 jobs Number of planned job losses
Announcement Date
28 June 2012
Employment effect (start)
28 June 2012
Foreseen end date
Description
On 28 June 2012, solar wafer manufacturer Schott announced to close down great parts of its photovoltaic division. In Germany, 220 job will be affected at Schott's headquarters in Mainz and at its site in Alzenau.
In total, the restructuring will lead to 870 job cuts out of 1,100 jobs worldwide. Job cuts are due to losses. The company seeks to realize the downsizing in a socially acceptable manner.
Sources
29 June 2012: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2012), Schott, Internal restructuring in Germany, factsheet number 73829, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73829.
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