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
750 jobs Number of planned job losses
Announcement Date
18 October 2012
Employment effect (start)
18 October 2012
Foreseen end date
Description
As announced on October 18, 2012 German solar photovoltaic modules producer SMA Solar will cut 750 jobs in Germany. 350 regular positions will be cut, while the company will also make 400 temporary agency workers redundant. This is due to declining turnover.
Worldwide, 450 workers and an additional 600 temporary agency workers will be affected. SMA solar suffers from shrinking demand and cutbacks in public subsidies for solar energy.
The most affected site is Niesetal, Hesse. SMA Solar aims to avoid forced redundancies and announced talks with the works' council.
Sources
18 October 2012: SMA Solar
19 October 2012: Handelsblatt (online)
Citation
Eurofound (2012), SMA Solar, Internal restructuring in Germany, factsheet number 74372, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74372.
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