Fact Sheet Details
Company: First Solar
Geographic location
- Country:
Germany
- Region:
- Location of affected unit(s):
Frankfurt (Oder); Mainz
Company
- Group :
- Sector :
Manufacturing: Manufacture of machinery and equipment n.e.c., 28
- Number employed:
6000
Employment effects
- Announcement Date:
18-04-2012
- Planned job reductions:
1300
- Type of restructuring:
Internal restructuring
- Employment effect start:
01-10-2012
- Foreseen end date:
31-12-2014
- Direct dismissals:
- Other job reduction measures:
- Planned job creation:
Additional information
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.
Sources
Handelsblatt, 18-04-2012
Financial Times Deutschland, 18-04-2012
Links
Page last updated: 20 June, 2012