Restructuring events
European Restructuring Monitor (ERM)
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.
On 23 April 2014, the business daily Handelsblatt reported on further job cuts at German photovoltaic modules producer SMA Solar. 800 jobs will be cut by the end of 2014. The recent job cuts continue the company’s cost reduction measures of the last two years (see SMA Solar 2013, SMA Solar 2012 and SMA Solar 2012 World). Suffering from strong competition and reduced subsidies, SMA Solar has announced it will continue cost reductions. The company’s strategy also includes investing in research & development and working together with new shareholder Danfoss, a Danish company producing heating and refrigeration systems.
Eurofound (2014), SMA Solar, Internal restructuring in Germany, factsheet number 76904, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76904.