Workers at Spanish PV manufacturer Isofotón’s Malaga factory have ratified a redundancy package that will effectively mean the closure of the facility from early 2014.
According to local press reports, the deal will see compensation paid to 300 of the plant’s workers who will leave the factory from January 14 next year, leaving a skeleton staff to run the plant's administrative functions.
Isofotón filed for insolvency in a Malaga court last June. The company said a combination of factors were behind its difficulties, including a US$96 million legal case in the US with polysilicon producer, Hemlock, and pressure from the Spanish government to return subsidies paid to the company’s former owners.
But the company said later this year that its order book had been buoyed as a result of the anti-dumping measures imposed by the European Commission on Chinese solar manufacturers.
A final meeting to ratify the deal is expected early next week between company lawyers and union representatives.
PV Tech was unable to reach Isofotón for comment.