Sputnik plans for future plans
The Swiss inverter manufacturer Sputnik Engineering has provided details of its restructuring plans. These plans include an optimization of the existing processes and cost structures as well as a strategic reorientation of the company. In addition to reduced operational and administrative costs this could also result in a reduction of the workforce in Biel, Switzerland. With these measures, the company wants to meet the considerable challenges the photovoltaic sector is facing on a global scale. Sputnik Engineering's Supervisory Board assesses the company's long-term perspectives positively.
The company now enters a consultation process required by Swiss law. If this process does not result in a different approach, the company might reduce staff at the Biel headquarters from currently 300 to 230-240 employees by end of August 2013. The company offers a voluntary social compensation plan to support any possibly concerned employees.