on Meyer Burger (Germany) AG (isin : CH0108503795)
Meyer Burger Files for Insolvency for German Subsidiaries
Meyer Burger Technology AG has announced that its German subsidiaries, Meyer Burger (Industries) GmbH and Meyer Burger (Germany) GmbH, have filed for insolvency proceedings. The decision follows unsuccessful negotiations to maintain their operations. Efforts to preserve the sites will continue under the court-appointed provisional insolvency administrator. Meanwhile, Meyer Burger (Switzerland) AG will continue its operations with around 60 employees, and Meyer Burger (Americas) Ltd. remains active despite recent layoffs.
The solar cell manufacturing site in Thalheim employs 331 staff, while the Hohenstein-Ernstthal site employs 289 in mechanical engineering and technology development. Amid restructuring and financing discussions, Meyer Burger has requested a deadline extension for their 2024 financial results presentation, initially due on May 31, 2025.
R. E.
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