Juwi to exit Spain and shed jobs
German renewables company Juwi said it will shed 80 jobs in a further restructuring to concentrate on its core project development, as well as its engineering, procurement and construction (EPC) businesses in its German home market and abroad.
The Wörrstadt-based company will also completely pull out of Spain, where it was active in the solar sector.
Juwi said it will give up several business areas that it could only firmly establish in the market with a very high financial effort.
Among them are battery-storage system services for home owners, and the provision of own solar mounting systems to clients, a Juwi official told Recharge.
“A year after the reorganisation of the group, we have made many positive experiences with the new structure, but we have also learned that not all is perfect yet,” Juwi’s founders Fred Jung and Matthias Willenbacher, said in a joint statement.
Juwi in its previous restructuring had given up most of its German solar business to focus on PV in overseas markets, while increasingly shifting toward onshore wind projects in Germany, where it boosted its new wind installations to 350MW in 2013 from 250MW a year earlier.
The company in the new round of restructuring will lay off about 50 people in Germany and some 30 in the rest of Europe.
Employees in Spain have already been notified in December of the cessation of activities there. Spain’s government with a series of cuts to the support system for renewables and extra taxes on energy in recent years has brought new solar and wind installations to a near-standstill.
As far as possible, employees will be given other tasks within the company, human resources chief Jochen Magerfleisch said.
Juwi expects to complete the restructuring by June 30, 2014.