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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.1 - Electric power generation, transmission and distribution
179 jobs Number of planned job losses
Announcement Date
8 May 2012
Employment effect (start)
8 May 2012
Foreseen end date
Description
German Phoenix Solar has announced a restructuring programme affecting 179 employees. Phoenix Solar's domestic workforce will be cut to 130 employees and the company's total staff will be reduced from 409 to 230 employees worldwide.
Sulzemoos-headquartered Phoenix Solar specialises in planning, building and operating large-scale photovoltaic power stations, and is a wholesaler for turnkey photovoltaic systems, solar modules and accessories.
Sources
8 May 2012: Frankfurter Allgemeine Zeitung
8 May 2012: Phoenix Solar
Citation
Eurofound (2012), Phoenix Solar, Internal restructuring in European Union, factsheet number 73774, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73774.
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