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Contract signed: Astronergy buys Conergy module factory in Frankfurt (Oder)

Hamburg & Frankfurt (Oder), Germany

Corresponding contract documents have been signed by Astronergy and the insolvency administrator. The new company will trade under the name of Astronergy Solarmodule GmbH in the future. Through the transaction around 210 jobs are to be secured in Frankfurt in the long term according to the ongoing negotiations with the Works Council. In the course of the sale, cuts of approximately 70 of the currently around 280 jobs are planned. These employees will be transferred into an interim employment society (Transfergesellschaft) and receive 80% of their net wages and salaries. Furthermore, they benefit from education and training measures financed by the transfer company.



Source: IWR Online, 12 Dec 2013

 


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