Bosch to Sell Cell and Module Production in Arnstadt to SolarWorld

Published on 13 Mar 2014
Bosch Solar Energy  SolarWorld 
March 12, 2014 - The deal under which the production of crystalline photovoltaic cells and modules in Arnstadt will be sold by Bosch to SolarWorld has been closed. All the conditions for consummating the purchasing agreement signed in November 2013 have been fulfilled, including the approval of the antitrust authorities and the conclusion of a reconciliation of interests for the Bosch Solar Energy associates transferring to SolarWorld Industries-Thüringen GmbH. The parties have agreed not to disclose any details of contractual conditions. 

In total, 1,000 of the currently 1,400 jobs at the Arnstadt location have been preserved. "We have achieved our goal of selling parts of the operation and relocating an alternative Bosch business, and in this way of offering jobs to as many associates as possible," said Dr. Volkmar Denner, Chairman of the Board of Management of Robert Bosch GmbH. "In this way, we can offer a perspective for the large majority of associates instead of closing the site. We have invested a lot of time and considerable sums of money in making this possible."

In addition to the roughly 800 associates who are transferring to SolarWorld, Bosch will employ a total of roughly 250 associates at the Arnstadt location. The Bosch service organization and trading company have already commenced operations. From the autumn of 2014, Bosch will also be manufacturing an automotive electronic product in Arnstadt. The preliminary preparations are currently underway. 

In addition, negotiations are being held with the employee representatives to discuss the reconciliation of interests and social compensation plan for those associates not transferring to SolarWorld Industries-Thüringen GmbH. 

Despite increased efforts by Bosch, together with the Thuringian government and state development corporation, the potential investor from the pharmaceuticals industry has abandoned its original plans to manufacture in Arnstadt, citing business reasons. 

For the module plant in Vénissieux, France, it is planned to offer a comparable solution to the one for Arnstadt. Talks with a potential investor have now reached an advanced stage.


Source: Bosch
ENF Profiles For Companies Mentioned in This Article

Bosch Solar Energy (Solar Materials): http://www.enfsolar.com/directory/material/762
SolarWorld (Solar Materials): http://www.enfsolar.com/directory/material/768
Bosch Solar Energy (Solar Panels): http://www.enfsolar.com/directory/panel/762
SolarWorld (Solar Panels): http://www.enfsolar.com/directory/panel/768
SolarWorld (Solar Components): http://www.enfsolar.com/directory/component/768
SolarWorld (Sellers): http://www.enfsolar.com/directory/seller/768
SolarWorld (Solar System Installers): http://www.enfsolar.com/directory/installer/768
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