03 February 2010 16:58 [Source: ICIS news]
TORONTO (ICIS news)--Germany’s solar industry workers will launch industrial action and walkouts on Thursday at 14 production sites to protest against the government’s planned cuts in subsidies, a trade group said on Wednesday.
The industry, which employs about 60,000, was opposed to the “axing” of subsidies, which could lead to plant closures and job losses, said Bundesverband Solarwirtschaft (BSW).
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However, facing a record budget deficit of €86bn ($119bn), the government under Chancellor Angela Merkel was expected to start implementing solar subsidy cuts - worth an estimated €1.0bn/year - by as early as 1 April.
($1 = €0.72)
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