Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Bavaria, Baden-Wurttemberg
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

320 jobs
Number of planned job losses
Job loss
Announcement Date
24 March 2012
Employment effect (start)
30 April 2012
Foreseen end date
31 December 2012

Description

Centrotherm, a leading technology and equipment provider for the photovoltaic sector, is to cut 320 posts in Southern Germany. The cuts include 20 jobs at a newly established research centre at Konstanz. The restructuring decision is taken as to a decrease in public financial support for the photovoltaic sector.


Sources

  • 24 March 2012: Handelsblatt

Citation

Eurofound (2012), Centrotherm, Internal restructuring in Germany, factsheet number 73477, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73477.