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 Electrical Equipment 27.11 - Manufacture of electric motors, generators and transformers
140 jobs Number of planned job losses
Announcement Date
26 September 2013
Employment effect (start)
26 September 2013
Foreseen end date
Description
As announced on September 26, 2013, US-based capital Investor Kawa Capital Management will acquire parts of German solar energy company Conergy and will make 140 people redundant.
Conergy will file for insolvency on October 1st. In total, the company employs 280 people in Germany. The job cuts mainly affect administration in Hamburg.
Eurofound (2013), Conergy, Internal restructuring in Germany, factsheet number 75953, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75953.
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