Meyer Burger reorganizes organization tasks in Asia
- Swiss-based Meyer Burger Technology Ltd intends to create Meyer Burger Trading Co. in Shanghai right into a "proficiency facility up for sale and solutions" for the measurement technology items of Meyer Burger subsidiary Pasan in the Asian market.
Solutions for existing Asian clients would remain to be given in Singapore. Providers for existing customers in Europe and the United States will remain to be the responsibility of the European and also US locations.
As part of "Meyer Burger Group's transformation right into a producer of high-performance solar components," demand for service business for existing consumers of production devices is lowering, the firm claims. "The Board of Directors has therefore determined to concentrate these tasks on the Shanghai and Singapore sites in the future."
The existing websites in Taiwan, Korea and also Malaysia will be ceased, as well as the Shanghai website will certainly be scaled down. In total, the restructuring would certainly affect around 70 employees, with a great 20 continuing to be utilized at both sites in Shanghai as well as Singapore. Meyer Burger expects restructuring expenses of around CHF 3.5 million ($3.8 million). The restructuring is expected to be completed by the end of 2021.