Blaubeuren, August 22, 2012, As part of its ongoing reorganization process, centrotherm photovoltaics AG is continuing its concentration on its core business. In a further step, the operations and financial backing of the Vienna branch, centrotherm power solutions GmbH, are being discontinued. centrotherm power solutions GmbH specializes in engineering services and large-scale project management. The 38 staff who are affected by this move have already been informed of this decision.
Due to the decision taken by the parent company's Management Board to no longer procure services, and also to no longer render payments, there is no longer any positive forecast for the continued existence of centrotherm power solutions GmbH. For this reason, various options for action are being reviewed relating to the winding-down of the company according to Austrian law.
Source: centrotherm photovoltaics AG