German renewable energy developer Juwi has announced that as part of company-wide restructuring efforts, it will pull out of its Spanish operations and cut a total 80 jobs in Europe this year.
In a statement Juwi claimed it will be focusing its efforts on the core business, including project development and engineering, procurement and construction (EPC) activities. At the same time, short term and medium term businesses that are presenting the company with high financial costs will be outsourced or otherwise disposed of.
Around 50 jobs are expected to be cut from the company's operations in Germany and a further 30 employees will lose their jobs in other European countries. The company said Juwi employees in Spain were informed of the decision to cease trading in December.
In the statement, Juwi human resources director Jochen Magerfleisch said the job losses were “…unfortunately necessary in order to remain economically stable as a company in a very volatile world energy policy environment”.
Juwi press spokesman Michael Löhr confirmed to PV Tech that the company had “decided to discontinue our business activities in Spain and by that reduce our activities in southern Europe”. Löhr went on to say that the group would continue to focus “on the business area of project development – including EPC and off grid systems”, working within the fields of wind energy, photovoltaics and biogas.
According to Löhr restructuring the company's efforts in southern Europe including the closure of its Spanish arm will be completed by 30 June this year.
The company announced that its level of activity in each market and with each technology will vary in future with the statement concluding “…the company's management will continue to assess the chances of each technology within each market precisely and define the scope of activities, together with the regional directors and country managers”.
Implementation details of these latest moves in restructuring efforts at Juwi are still subject to the framework of employment and corporate legislation.