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 - Manufacture of electrical equipment
100 jobs Number of planned job losses
Announcement Date
12 December 2007
Employment effect (start)
Foreseen end date
Description
Conergy, a German group that produces solar energy machinery, has announced that it is to cut approximately 100 jobs across Germany. The group employs 965 in Germany, and management at the group have stated that the job losses are a consequence of the group’s decision to stop operating in certain commercial lines. The announcement of the job losses also follows the group’s announcement of its earnings forecast for the 2007 financial year. As of December 2007, there is no information on when the job losses will be implemented by.
Sources
13 December 2007: Handelsblatt
13 December 2007: Financial Times Deutschland
Citation
Eurofound (2007), Conergy, Internal restructuring in Germany, factsheet number 66119, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66119.
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