Solarpro Holding AD

Type
Closure
Country
Bulgaria
Region
Severna i Yugoiztochna Bulgaria; Severen tsentralen; Silistra
Location of affected unit(s)
Silistra
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
156 jobs
Number of planned job losses
Job loss
Announcement Date
18 June 2012
Employment effect (start)
1 June 2012
Foreseen end date
30 September 2012

Description

Solarpro, a company specializing in photovoltaic manufacturing and production, announced plans to close its plant in Silistra and cut 156 jobs over the next three months. The company representatives blame low prices for electricity from solar installations for this decision. The affected workers will be dismissed and there is no possibility for relocation.

Solarpro Holding is a Bulgarian producer of photovoltaic cells and modules. The company also provides EPC as well as operation and maintenance services for solar power plants.

Sources

  • 18 June 2012: Novinar

Citation

Eurofound (2012), Solarpro Holding AD, Closure in Bulgaria, factsheet number 73755, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73755.