Germany-based PV manufacturer Sovello plans to end production at its factory at the end of this month and thus terminate its 1,000 employees.
The Q-Cells spin-off company had filed for insolvency in May, with the hope of undergoing successful restructuring with a court-appointed administrator.
However, the current financial condition of the company now necessitates a production shutdown and the layoff of all employees, according to a report from Deutsche Welle.
