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SMA Solar Technology AG / To layoff 800

SMA Solar Technology AG (SMA) announced a gradual downsizing of 700 full-time positions in Germany. The layoffs are scheduled until December 31, 2014. (Chosen excerpts by Job Market Monitor)

“We are expecting an extended period of consolidation in the solar sector. For the first time in many years, measured in Euros, the global photovoltaic market will decline in 2013. As market leader, we will be especially affected by this. In such a short space of time, we are not able to offset the sharp decrease in sales – nearly 50% since 2010 –with the ongoing measures for increasing productivity and saving on material costs alone. We have therefore been forced to make even more far-reaching changes than planned to our personnel structure over the coming months,” explains SMA Chief Executive Officer Pierre-Pascal Urbon.

At an employee meeting, the company announced that in relation to the cutoff date of March 31, 2013, a total of 700 full-time positions will be downscaled in Germany by the end of 2014. This corresponds to around 800 employees, as the layoffs will affect both full-time and part-time employees. By the end of 2014, full-time positions in Germany will be at 3’000.

Read the whole story at

Capture d’écran 2013-07-04 à 08.29.40

via SMA to layoff 800 in Germany.

 

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