Struggling flexible CIGS thin-film firm, Global Solar Energy said it had reduced its workforce by 70% as it continues to seek a buyer.
Key production and technical staff as well as management have been retained, according to the company. The majority of employees impacted by the job losses have come from its roofing product line.
Dr. Jeffrey Britt, Global Solar’s CEO said: “We continue to work toward a solution which will preserve Global Solar’s industry-leading CIGS technology and production capabilities. We have had a very strong level of investor interest which has been predicated on Global Solar’s high quality products and technological strength.”
Production has been curtailed but continues for previously contracted orders.
In June, 2012 Global Solar Energy Deutschland’s operations were shutdown. The company has employed FTI Capital Advisors to help in the sale of the company and evaluate possible strategic options.