US EditionMeyer Burger Files for Insolvency, Lays Off over 900 Workers
- Meyer Burger's two German subsidiaries filed for insolvency in 2025 while the US facility in Arizona shut down and laid off 282 employees on May 29.
- The insolvency follows the termination of a major US supply deal in late 2024 and unsuccessful restructuring talks with bondholders on debt due in 2027 and 2029.
- The German operations affected by insolvency consist of a solar cell production plant in Thalheim, employing 331 people, and a site in Hohenstein-Ernstthal focused on mechanical engineering and technology development with 289 employees.
- In April, Meyer Burger announced an anticipated EBITDA deficit of CHF 210.4 million for 2024 and indicated that despite significant attempts, it was unable to keep its operations running without interruption.
- The company will continue its Swiss operations with 60 employees in Thun and plans to pursue restructuring with a court-appointed insolvency administrator, leaving the US subsidiary legally intact despite layoffs.
22 Articles
22 Articles
The Thun company Meyer Burger is currently not even able to publish the annual report. Trade in the shares of the technology company, which was once launched with expectations, was suspended on Monday.
A family-owned company specializing in the construction of the track cannot complain about too few orders. Nevertheless, it has slipped into insolvency, why?
Meyer Burger files for insolvency, lays off over 900 workers
Germany solar manufacturer ceased operations at three subsidiaries, including its new module production facility in Arizona.Last week Meyer Burger Americas laid off all employees and the German subsidiaries of Meyer Burger Technology AG and Meyer Burger GmbH have each filed for insolvency proceedings. Despite letting all workers go last week, the company said that Meyer Burger Americas will “remain in existence as a company.” The company said in…
Meyer Burger files for insolvency in Europe
The German subsidiaries of solar panel technology company Meyer Burger have filed for insolvency proceedings, typically the precursor to bankruptcy. The Swiss company abruptly closed its Arizona solar panel assembly facility last week, laying off 282 American employees. Meyer Burger stated in its insolvency announcement that its American subsidiary will “remain in existence as a… The post Meyer Burger files for insolvency in Europe appeared firs…
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