Meyer Burger CEO Erfurt steps down, company slashes jobs amid ‘strategic realignment’
- Admin
- Sep 18, 2024
- 1 min read
Meyer Burger, a solar cell and module manufacturer, announced job cuts and strategic restructuring. They will focus on production and technology to return to profitability. Meyer Burger produces n-type heterojunction technology (HJT) solar products and plans to slash its workforce by 2025. The company faced net losses in 2023 due to market conditions and announced a forecasted revenue by 2026. The CEO, Gunter Erfurt, and CFO, Markus Nikles, have stepped down, attributing the company's challenges to lack of political support and dependence on China. There are concerns over Europe's solar manufacturing capacity and support.
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