Struggling German module manufacturer Solarwatt has revealed plans to lay off staff as part of an extensive restructuring process.
Chief executive Detlef Nehaus said that uncertainties over the political support for PV in Germany, its key market, had necessitated an acceleration of the company’s restructuring, with staff losses now “unavoidable”.
No further details on how many of Solarwatt’s 324 staff would be lost, but PV Tech understands negotiations with workers’ representatives are ongoing.
The company said the transition to a self-consumption PV model in Germany was being “hampered” by a lack of political certainty and “no clear framework”, with the result that the whole PV market is “suffering” as investment dries up.
Neuhaus said: “We are hoping for a clear framework for the parliamentary elections.”
Last year Solarwatt went into insolvency but was given a partial reprieve when billionaire Stefan Quandt, part of the BMW car dynasty, became the majority shareholder in Solarwatt. Solarwatt later announced plans to develop PV-powered chargers for BMW’s line of electric vehicles.
Solarwatt said expansion of its collaboration with BMW would form a key part of the company’s future plans, as would a continued move away from mass production toward intelligent system solutions for home consumption.