Manz to cut workforce

  • 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.
    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.

Financials

  • M5Z
    ETR
    65.20
    +2.13 (3.38%)
    5:35PM GMT+1

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.

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 25th Edition

    In this issue we offer some insights into what the next wave of photovoltaic technologies may look like as that upturn gathers pace. Industry observers have been in broad agreement that the major next-gen PV technology innovations won’t happen straight away. But there’s also little doubt that the search is now on in earnest for the breakthroughs that will come to define the state of the art in the industry in the years to come.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media