Union claims more than 500 jobs at risk at insolvent Sovello

A trade union representative has revealed that more than 500 posts are likely to be cut at insolvent German PV manufacturer Sovello, contradicting the company’s own recent claim that no job losses are imminent.

The contrasting stories underscore the confusion felt across Germany’s pioneering PV sector as globally renowned names that have recently gone bankrupt – including Sovello’s former parent company Q-Cells – scramble to restructure themselves and woo foreign buyers.

Sovello has not directly addressed the union representative’s claims that 548 of the company’s 1,250-person workforce are to be let go as part of its restructuring programme, which was unveiled last month when it announced its insolvency.

At the time, Sovello said that it had enough money to pay its full staff through to…

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