May 31 (Reuters) - Swiss solar panel maker Meyer Burger

filed for insolvency for its German subsidiaries, the

company said in a statement on Saturday.

Meyer Burger's German subsidiaries, Meyer Burger

(Industries) GmbH and Meyer Burger (Germany) GmbH, have

initiated insolvency proceedings, the company said.

Efforts to keep the German sites open will be continued as

part of the proceedings together with a provisional insolvency

administrator to be appointed by the court.

Meyer Burger (Switzerland) AG, which employs around 60

people in Thun, will remain in operation and Meyer Burger

(Americas), which shut down a U.S. solar panel factory in

Arizona and let go all 282 employees on Thursday, will also

remain in existence as a company.

Meyer Burger said last month it would cut hours for about

300 employees at its plant in Germany starting on May 1 due to

temporary material bottlenecks. The bottlenecks have also led to

adjustments at its U.S. facility in Arizona.

The company's operations in Europe and the United States

struggled to compete with cheaper products imported from Asia.

Meyer Burger also said on Saturday it had requested an

extension of the deadline to present its 2024 financial results.

The current deadline expires on Saturday.