Swiss - Delayed Quote CHF

Meyer Burger Technology AG (MBTN.SW)

1.6000

+0.0300

+(1.91%)

As of 11:52:35 AM GMT+2. Market Open.

Swiss solar panel maker Meyer Burger cuts workers' hours at German site

Swiss solar panel maker Meyer Burger will cut hours for some 300 employees at its plant in Germany starting on May 1 due to temporary material bottlenecks, it said on Wednesday. Short-time work measures for employees working in its full-time operation producing high-performance solar cells were being introduced to save costs in the short term, said Meyer Burger. The bottlenecks have also led to adjustments at its U.S. facility in Arizona, where technical work at the plant now alternates daily with the production of solar modules, it said.

Reuters yesterday

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Meyer Burger halts solar plant in Colorado, plans restructuring

ZURICH (Reuters) -Swiss solar panel maker Meyer Burger said on Monday it was suspending plans for a plant in Colorado as it announced restructuring measures and suggested profitability would be lower than previously expected. "Meyer Burger Technology AG announced today that the planned construction of a solar cell production facility in Colorado Springs, Colorado, USA, is no longer financially viable for the company due to recent developments and that the project will therefore be discontinued," the firm said in a statement. The firm said its board of directors had asked management to draw up a "comprehensive restructuring and cost-cutting program" and that board member Mark Kerekes was stepping down.

Reuters 7 months ago

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Performance Overview

Return	MBTN.SW	MSCI WORLD (^990100-USD-STRD)
YTD	-27.54%	-4.78%
1-Year	-79.08%	+6.58%
3-Year	-98.53%	+22.85%