PVA TePla Announces Job Cuts In Its Solar Business

Citing the lack of an appreciable upturn in demand, Germany-based PVA TePla AG has announced job cuts in its crystal-growing business as part of a cost-reduction measure. Staffing levels at its Wettenberg and Jena facilities, which serve the solar and semiconductor industries, are to be reduced by about 80.

The company says the implementation of these measures and additional write-downs on inventories, particularly in the solar systems division, will result in a negative impact on results in the order of approximately EUR 6 million in 2013. However, the company says it plans to retain capacity and expertise to process orders on an individual basis.

PVA TePla says it plans to roll its solar systems division into its semiconductor systems division as a business unit next year.

On May 27, the company announced the resignation of its chief financial officer, Arnd Bohle, citing "different views about the company's business development."