Restructuring events
European Restructuring Monitor (ERM)
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.
As announced on October 18, 2012 German solar photovoltaic modules producer SMA Solar will cut 750 jobs in Germany. 350 regular positions will be cut, while the company will also make 400 temporary agency workers redundant. This is due to declining turnover.
Worldwide, 450 workers and an additional 600 temporary agency workers will be affected. SMA solar suffers from shrinking demand and cutbacks in public subsidies for solar energy.
The most affected site is Niesetal, Hesse. SMA Solar aims to avoid forced redundancies and announced talks with the works' council.
Eurofound (2012), SMA Solar, Internal restructuring in Germany, factsheet number 74372, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74372.
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