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
New offshoring locations
United Arab Emirates
230 jobs Number of planned job losses
Announcement Date
7 March 2014
Employment effect (start)
7 March 2014
Foreseen end date
30 April 2014
Description
German solar modules manufacturer Solon will relocate its headquarters and production from Berlin to the United Arab Emirates (UAE) by the end of April 2014 and thus make 230 staff redundant.
The relocation results of the company’s acquisition by UAE based Microsol. Solon had been acquired by Microsol in March 2012 after filing for insolvency in November 2011.
Talks with worker representatives have been announced.
Sources
8 March 2014: Frankfurter Allgemeine Zeitung
7 March 2014: Der Tagesspiegel
Citation
Eurofound (2014), Solon, Offshoring/Delocalisation in Germany, factsheet number 76717, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76717.
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