Overview
- More than 600 employees are being dismissed after the company confirmed insolvency when efforts to secure an investor failed.
- SIX Swiss Exchange has set Jan. 13, 2026 as the final trading day, with trading expected to continue until the delisting.
- The company expects remaining assets to be used to repay creditors, leaving equity investors without a liquidation dividend.
- Management attributes the collapse to pressure from low-cost Chinese imports alongside uncertainty over future subsidy regimes in the U.S. and Europe.
- Solar production has been halted, following earlier closures and cutbacks across German and Swiss operations.