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Extremely difficult market conditions within the PV equipment market have forced Manz to reduce its workforce for the first time in the company’s 25-year history.
The company said that it would reduce its headcount by 62, at its German facilities in Reutlingen, Tübingen and Karlstejn. Manz had 2,000 employees globally at the beginning of 2012, including 900 in Asia.
Earlier in November, 2012, the company reported a significant drop in orders and bookings within its solar division, reporting revenue of only €14.9 million, down significantly from €57.9 million in the same period a year ago.