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 27.90 - Manufacture of other electrical equipment
125 jobs Number of planned job losses
Announcement Date
20 November 2013
Employment effect (start)
20 November 2013
Foreseen end date
1 January 2014
Description
Haticon, manufacturer of photovoltaic systems, is to cut 125 jobs in Germany. This will affect the sales department in Guterfelde (9 of 49 positions cut) and the production site in Pinnow (116 of 261).
The measure is reported to be due to a drop in demand in the wake of the decreasing promotion of renewable energies.
The company agreed on a social plan with worker representatives. 93 employees will be given notice, 32 agreed to terminate their contracts in exchange for redundancy payments and other benefits.
In total, Haticon employed 310 staff at the two sites so far.
Sources
20 November 2013: Märkische Oderzeitung
Citation
Eurofound (2013), Haticon, Internal restructuring in Germany, factsheet number 76205, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76205.
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