Meyer Burger CEO Weighs Deeper Cuts to Ride Out Slowdown
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Meyer Burger Technology AG, the Swiss supplier of machinery to solar-panel makers, said it is evaluating deeper cost cuts as it braces for tough trading conditions next year.
The company has more work to do on “fat-trimming” after acquiring competitor Roth & Rau AG in 2011, on top of a 15 percent headcount reduction announced in March, Chief Executive Officer Peter Pauli said in an interview. Meyer Burger can withstand a “worst-case scenario” of sales at the current level or lower sales growth in the next 12 months, he said.