Meyer Burger is reducing its workforce in Germany
In a significant blow to the solar panel industry and the local economies of Germany and Switzerland, Meyer Burger, a Swiss-based solar panel manufacturer, has filed for insolvency in May. The company, which employs approximately 600 people across its sites in Germany and Switzerland, has already closed its facilities in Bitterfeld-Wolfen and Hohenstein-Ernstthal.
The closures and subsequent layoffs are attributed to economic factors and uncertainties in the renewable energy market. The company has been facing stiff competition from cheap imports from China, as well as uncertainties about future renewable energy subsidies.
Despite ongoing talks with potential investors, Meyer Burger has announced that its search for investors has failed. The names of the potentially interested investors who have spoken with Meyer Burger have not been publicly disclosed. Insolvency administrators Lucas F. Flöther and Reinhard Klose have been in talks with possible investors, but no specific names or outcomes have been revealed.
The news has far-reaching implications for the solar panel industry and the respective local economies in Germany and Switzerland. The closure of Meyer Burger's sites is a reminder of the challenges faced by companies in the renewable energy sector, and the need for policy stability and support to ensure a sustainable future for the industry.
A photo (c) MDR accompanies the news, showing the now-closed Meyer Burger site in Hohenstein-Ernstthal. The future of the company and its employees remains uncertain, as the insolvency proceedings continue.
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