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 - Manufacture of computer, electronic and optical products
190 jobs Number of planned job losses
Announcement Date
17 October 2011
Employment effect (start)
18 October 2011
Foreseen end date
1 February 2012
Description
On October 17th, 2011 Solland Solar announced that it will cut 90 out of 280 jobs. In the future, the firm will concentrate on the production of solar panels and not any longer on the production of solar cells.
Background is the excess capacity in the production of solar cells worldwide, resulting in a price drop of 50% over the past year.
It is reported that a foreign take-over of Solland Solar is expected in the near future.
UPDATE, 17 January 2012: A further 100 job losses were announced at Solland Solar's Heerlen plant in January 2012.
Sources
18 November 2011: NRC Handelsblad
17 January 2012: De Telegraaf
Citation
Eurofound (2011), Solland Solar, Internal restructuring in Netherlands, factsheet number 72670, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72670.
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