March 30 (Renewables Now) - Finnish solar thermal systems supplier Savosolar Oyj has negotiated the temporary lay-off of 22 employees over the next three months due to the coronavirus pandemic, it announced on Monday.
The company will carry out the redundancies on a part-time or full-time basis for a maximum of 90 days, during which time its factory will continue to operate but with a shortened working week. The sales personnel will not be affected because of a number of projects the firm has in the active bidding phase.
Together with a reduction of the remuneration of the board of directors and the CEO, this move is expected to save the company about EUR 0.5 million (USD 0.55m) over the three-month period.
Savosolar noted that the plan could be amended if the COVID-19 situation changes substantially or the company wins new orders during the period.
(EUR 1.0 = USD 1.103)