If you’re interested in some lightly-used MOCVD and PVD thin-film solar cell production equipment, have we got a deal for you.
No potential investor could be found to take over the thin-film solar business. Insolvency proceedings started a few days ago and the business operations of the CIGS thin-film company were finally halted.
“Hanergy…is not above the rule of law, and this is not China. In abruptly closing the Alta plant, defendants violated the federal and California WARN Acts, which require at least 60 days written notice of termination where a plant is shut down and/or mass layoffs occur.”
Insolvency proceedings have been underway for Solibro GmbH since late summer, and business operations have long been suspended. This week another Hanergy subsidiary, Solibro Hi-Tech, has also declared insolvency.
Alta Devices has not located a white-knight investor to save the company and resume its PV cell production. That means no health care or COBRA for its furloughed employees.
Unannounced layoffs with no pay or benefits have left more than 600 American workers in the U.S., 180 employees in Germany, and thousands in China unemployed and in the dark. A number of employees reached out to tell their story.
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