The preliminary insolvency administrator of SolarWorld AG, attorney at law, Horst Piepenburg, has given details about the current situation regarding preliminary insolvency proceedings.
During preliminary insolvency proceedings, the company not only processed and sold existing inventory goods, but was also able to generate new business opportunities in the low double-digit million range. This allowed production lines at the manufacturing sites to maintain operations in a three-shift system.
However, due to high production costs, it was not possible to generate enough liquid funds during the eight weeks of preliminary insolvency proceedings to cover personnel costs for the current 1’850 employees after the period of insolvency benefit paym…
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