The jobs cuts – equivalent to more than 20% of Centrotherm’s workforce – come in response to the “surprisingly drastic deterioration” in the PV industry’s health at the end of 2011, says chief executive Robert Hartung.
The company reported full-year revenues of €699m ($916m), short of the €710m it had forecast.
It swallowed an operating loss of €19.5m, compared to a profit of €75.4m
