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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
1,000 jobs Number of planned job creations
Announcement Date
12 November 2006
Employment effect (start)
Foreseen end date
31 August 2008
Description
On 12 November 2006, Conergy, a German supplier of machinery systems in the area of regenerative energy, photovoltaic modules and optical tools (lenses), announced its plans to set up a new plant in Frankfurt (Oder). Between 500 and 600 jobs will be created until the summer of 2007. By the summer of 2008 the workforce is expected to increase to approximately 1,000 employees.
The job creation scheme is part of the expansion strategy of the company. Conergy wants to double its revenues within the next business years. The company currently employs 1,334 people in Germany.
Sources
13 November 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Conergy, Business expansion in Germany, factsheet number 64448, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64448.
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