German subsidiaries from Meyer Burger apply for chapter | EUROtoday

After stopping the photo voltaic module manufacturing within the USA, the German subsidiaries of Meyer Burger Technology have now utilized for the opening of insolvency proceedings. As a part of the continuing renovation negotiations, the Swiss firm introduced intensively on the preservation of the places of Meyer Burger (Industries) GmbH and Meyer Burger (Germany) GmbH on Saturday. “So far, these efforts have been unsuccessful and are now to be continued as part of the proceedings together with a preliminary insolvency administrator to be appointed.”

The daughter Meyer Burger (Switzerland) AG with round 60 workers in Thun will stay. The Meyer Burger (Americas) Ltd., which all workers launched on Thursday, ought to stay as an organization.

According to the knowledge, 331 workers are employed within the Solar cell manufacturing Meyer Burger Industries in Thalheim (metropolis of Bitterfeld-Wolfen). At Meyer Burger Germany in Hohenstein-Ernstthal there are 289 in mechanical engineering and expertise growth. Production in Freiberg (Saxony) with 500 workers was closed final 12 months.

Against the background of constant financing talks on the restructuring, Meyer Burger had utilized for a deadline extension to current the 2024 enterprise figures, it was additionally stated. The earlier deadline will run on May 31, 2025.

In the evening of Friday, Meyer Burger had introduced that the photo voltaic module manufacturing within the USA was stopped. The motive for this can be a lack of monetary sources. All remaining 282 workers on the Goodyear location within the state of Arizona would have obtained the termination. Production was instantly discontinued and the way forward for the situation opened. Meyer Burger continues to barter with a bunch of bonds a few renovation of society. The photo voltaic module producer has lengthy been in heavy fairway.