SolarWorld Americas planning major restructuring to survive

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The WARN Act relates to companies employing over 100 people, giving employees a minimum of 60 days notice of job losses. Image: SolarWorld

SolarWorld Americas the US manufacturing subsidiary of bankrupt SolarWorld AG expects to undertake a major restructuring to attempt to survive after telling its workforce of over 800 that they could receive notices of being laid-off at an undetermined time as part of the WARN (Worker Adjustment and Retraining Notification) Act.

Recently, US-based cell and module manufacturer Suniva filed for bankruptcy but did not provide its workforce with WARN notifications before closing its doors. The WARN Act relates to companies employing over 100 people, giving employees a minimum of 60 days notice of job losses.

A SolarWorld Americas spokesperson was reported to have said that the company was in the process of evaluating its position to continue operating albeit with the need to re-size the company after its parent company started preliminary insolvency proceedings.

Soon after its parent company started insolvency proceedings, SolarWorld Americas said separately that it was planning to operate its manufacturing plant in Hillsboro, Oregon and other operations as normal.

Read Next

February 22, 2021
BayWa r.e. has bolstered its digital services offer through the acquisition of software platforms and data science teams of German firm Kaiserwetter.
February 12, 2021
Suntech’s ‘Ultra X’ PV module series adopts large format 210mm monocrystalline wafers and 1/3 cut Passivated Emitter Rear Cell (PERC) technology, which increases the light receiving area by 80.5% compared with products of conventional formats, according to the company.
February 9, 2021
Major ‘Solar Module Super League’ (SMSL) member JinkoSolar has extended its supply chain cooperation with major polysilicon and merchant solar cell manufacturer Tongwei Group, with Tongwei gaining extra gigawatts of mono wafers from JinkoSolar.
February 8, 2021
Trina Solar has announced that a host of inverters that are compatible with 210mm modules are being launched, a development the company says will streamline the PV supply chain.
February 4, 2021
Fraunhofer ISE spin-off NexWafe has raised €10 million in a new Series B round of funding as the company moves to another pilot production phase.
February 2, 2021
Large-wafer size producer Tianjin Zhonghuan Semiconductor (TZS) is to build a new 50GW 210mm (G12) mono-wafer manufacturing hub in Ningxia Hui Autonomous Region at a cost of around RMB12 Billion (US$1.86 billion).

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
June 15, 2021