on Meyer Burger (Germany) AG (isin : CH0108503795)
Meyer Burger Announces Strategic Realignment and Management Reshuffle
Meyer Burger Technology AG has announced initial measures for strategic realignment aimed at returning to profitability. This restructuring includes a focus on production and technology, streamlining the group’s structure, and reducing the workforce.
Gunter Erfurt, CEO, will leave the company, handing over his role to Franz Richter. CFO Markus Nikles is also set to depart by the end of September 2024. These changes lead to a reduction in the management board, now composed of three members focusing on profitability and restructuring.
Production will continue in Thalheim, Germany, and Goodyear, USA. The global workforce will be reduced from 1,050 to 850 by 2025, with shifts in employment from Europe to the U.S. to meet production targets.
The company is also exploring revenue opportunities through the sale of technology and equipment while managing liquidity via module sales and asset disposals. Various financing options are under review.
R. P.
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