Solarworld announces insolvency
After extensive examination, the management team became convinced that "there is no longer a positive prognosis in the course of the current business cycle and the ongoing price distortions."
Thus the company is over-indebted that the obligation to apply for insolvency exists. The insolvency application obligation is examined for the SolarWorld AG subsidiaries. A social plan is already being negotiated for the factories in Freiberg (Saxony) and Arnstadt (Thuringia). (HS/HCN)
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