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.
On October 17th, 2011 Solland Solar announced that it will cut 90 out of 280 jobs. In the future, the firm will concentrate on the production of solar panels and not any longer on the production of solar cells. Background is the excess capacity in the production of solar cells worldwide, resulting in a price drop of 50% over the past year.
It is reported that a foreign take-over of Solland Solar is expected in the near future.
UPDATE, 17 January 2012: A further 100 job losses were announced at Solland Solar's Heerlen plant in January 2012.
Eurofound (2011), Solland Solar, Internal restructuring in Netherlands, factsheet number 72670, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72670.
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