U.S. production halt for Meyer Burger.
Meyer Burger Halts Solar Module Production in the USA, Affecting Hundreds of Employees
Swiss solar company Meyer Burger has announced the cessation of its solar module production at its site in Goodyear, Arizona, USA. The decision came as a result of financial difficulties, forcing the company to halt its production, which was yet to reach full capacity. This move has led to the termination of 282 jobs at the site, with the future of the location remaining uncertain.
The impacts on the company's operations in Germany, particularly in Hohenstein-Ernstthal and Bitterfeld-Wolfen, are yet to be clarified. A spokesperson for the company indicated that they cannot comment on this matter as negotiations with bondholders are still ongoing. In Hohenstein-Ernstthal, as many as 300 employees are currently on short-time work, while in Bitterfeld-Wolfen, solar cells are produced, with over 300 employees on short-time work since May.
Meyer Burger's challenges extend back several years, partially due to stiff competition from China. In the fall, the company announced job cuts of around 20 percent, potentially affecting its German facilities. However, it is essential to note that the direct consequences for the German locations from the halt in the USA have not been explicitly stated.
The company is currently in conversations with bondholders regarding restructuring, with two convertible bonds maturing in 2027 and 2029 under scrutiny. Further developments will hinge on the outcomes of these financial restructuring efforts.
Sources: ntv.de, lar/dpa
- Solar energy
- Industry
- USA
- Photovoltaics
- Arizona
The community in Goodyear, Arizona may seek a review of Meyer Burger's community policy, given the impact of the sudden halt in solar module production on hundreds of local employees. In light of this situation, the company could consider offering vocational training programs to displaced workers, ensuring a smooth transition into alternative careers within the technology sector.
