German Schott Solar to end solar panels production at Czech plant, cut 500 jobs.

By bne IntelliNews July 4, 2012
German Schott Solar AG has decided to end production at its Czech plant in July and August cutting 500 jobs, as the company has been facing pricing pressure from manufacturers in Asia, Mlada fronta Dnes daily reported. The decision for the closure of the plant was taken by the German parent company, executive Martin Zalmanek told the daily. Scott AG, a pioneer in the development of solar technology, employs 17,000 worldwide. The company said at late June that it will close its photovoltaic panels manufacturing plant in Albuquerque, US.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss