(Reuters) -Swiss solar panel maker Meyer Burger filed for insolvency for its German subsidiaries, the company said in a statement on Saturday.
Meyer Burger’s German subsidiaries, Meyer Burger (Industries) GmbH and Meyer Burger (Germany) GmbH, have initiated insolvency proceedings, the company said.
Efforts to keep the German sites open will be continued as part of the proceedings together with a provisional insolvency administrator to be appointed by the court.
Meyer Burger (Switzerland) AG, which employs around 60 people in Thun, will remain in operation and Meyer Burger (Americas), which shut down a U.S. solar panel factory in Arizona and let go all 282 employees on Thursday, will also remain in existence as a company.
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