Biel, Switzerland -July 25, 2013 – The Swiss inverter manufacturer Sputnik Engineering today informs about 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.
About SolarMax
Sputnik Engineering AG, a Swiss company, is one of the world’s leading manufacturers of grid-connected solar inverters. Under the name SolarMax the company develops, produces and sells inverters for every system – from photovoltaic plants on single-family homes whose kilowatt output is modest, to the solar power plants whose output is measured in megawatts. The inverter is a key component of the solar plant, transforming the generated direct current into grid-compliant alternating current. 20 years of experience are not only reflected in the Swiss quality, highest efficiency, reliability, and durability of the SolarMax products, but also in the way Sputnik offers its customers excellent international support in the field of after sales, comprehensive warranty services, and intelligent solutions for system monitoring.
