Type
Merger/Acquisition
Country
Germany
Region
Sachsen-Anhalt; Dessau;
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27.2 - Manufacture of batteries and accumulators

199 jobs
Number of planned job losses
Job loss
Announcement Date
14 September 2012
Employment effect (start)
1 October 2012
Foreseen end date

Description

Q-Cells, German insolvent solar cell manufacturer, is taken over by Hanwha, a leading company from South Korea, which will result in 199 job losses. As a result of the negotiations with the works council, 1300 employees will be kept within the company. The workers affected from restructuring will have the option to be transfered to a job transfer agency.


Sources

Citation

Eurofound (2012), Q-Cells, Merger/Acquisition in Germany, factsheet number 74132, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74132.