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Solarworld: investor concept provides for 450 employees
The provisional insolvency administrator for SolarWorld AG, Horst Piepenburg, has been negotiating with an investor group concerning the takeover of the production sites in Freiberg (Saxony) and Arnstadt (Thuringia).
The investor group expressed its intention to take over the land, machinery and inventory at the production sites of SolarWorld in Freiberg (Saxony) and Arnstadt (Thuringia). Negotiations state that 450 employees could be transferred to the newly established company. At the same time, it will be discussed whether the remaining 1'200 employees at these two locations will be offered access to an employment and qualification company. "As announced a few weeks ago, we are fighting to keep the brand and the expertise of the SolarWorld workforce as much as possible," says Piepenburg. "With this solution, we would make extensive use of the possibilities in a provisional insolvency proceeding in order to meet the interests of the creditors involved and to maintain a significant number of jobs." "I cannot deny this opportunity to anyone and therefore we will postpone the decisions that were generally expected for this week." However, the employees of the holding company at the Bonn location will be laid off once the insolvency proceedings have been opened on August 1, 2017. The financing of a transfer company or of short-time work for the employees has not been successful.
Additional DoD funding reaches SkyWater US semiconductor foundry SkyWater Technology says that the Department of Defense (DoD) has awarded the company up to USD 99 million as a continuation of the previous initiative to advance onshore production capabilities for strategic radiation-hardened (rad-hard) electronics.
Comet Technologies expands manufacturing in Malaysia Comet Technologies says that it aims to double its production capacity in Malaysia – the company will add 30,000 square feet and about 200 employees to its operations in the country.
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Swissbit expands its manufacturing capability in Berlin A new USD multi-million investment will add a new new semiconductor packaging line to Swissbit's electronics production in Berlin, Germany.
Henkel acquires Thermexit business from Nanoramic Henkel has completed the acquisition of the Thermal Management Materials business of Nanoramic Laboratories (Nanoramic) headquartered in Boston, Massachusetts, USA, marketed under the brand Thermexit.
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Habia Cable opens its brand new Polish production facility Habia Cable has officially inaugurated its new, purpose-built, production facility in Poland.
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Nürnberg-based LÖKAST is now an official Metcal distributor OK International announces LÖKAST GmbH in Nürnberg is now an official Metcal distributor.
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Strong earthquake shakes Taiwan Updated: A 6.8 magnitude earthquake struck Taitung in the southeastern part of Taiwan on Sunday, local time, reports the Central Weather Bureau (CBW), the country's seismological center.
EPC opens new motor drive center of excellence EPC has opened a new design application center near Turin, Italy, to focus on growing motor drive applications based on GaN technology in the e-mobility, robotics, drones, and industrial automation markets.
Murata to set up a new materials joint venture Murata Manufacturing, Ishihara Sangyo Kaisha and Fuji Titanium Industry – a wholly owned subsidiary of Ishihara Sangyo Kaisha – have signed a basic agreement to establish a joint venture to manufacture barium titanate for use in multilayer ceramic capacitors and other products.
Digi-Key enters distribution deal with Schneider Electric Digi-Key Electronics has secured a distribution agreement in North America with Schneider Electric. As a result of this partnership, Digi-Key now offers a selection of Schneider Electric's power, automation and control, and sensor products.Load more news