Fact Sheet Details
US Company First Solar, a manufacturer of solar panels, announced the restructuring of its German operations. The manufacturing plant at Francfurt/Oder, eastern Germany, will be closed by the end of the year. A total of 1,200 jobs will be eliminated.
Additionally, the European sales division will be restructured which will involve the shedding of a minimum of 100 posts at Mainz. The European sales division employs a total of 175 persons and 150 posts will go.
The company said that the measures respond to reductions in state subsidies and increasing competition from China.
Financial Times Deutschland, 18-04-2012