In a move that sent shockwaves through Slovenia’s tech landscape, Swiss conglomerate Landis+Gyr announced the immediate liquidation of its electric vehicle (EV) charging division, placing 180 jobs at risk.
The decision marks the end of Landis+Gyr EV Solutions, formerly Etrel, once a global frontrunner in EV infrastructure.
The company, which saw revenues soar 25-fold between 2016 and 2021, stumbled into losses despite its meteoric rise, recording a €6m deficit last year.
The shift in focus towards the US market precipitated the closure, leaving clients like Petrol and Porsche Slovenija scrambling to ensure network stability.
With operations halted and support services withdrawn overnight, disillusionment prevails.
“Twelve hours ago, everything was fine – now this,” lamented an employee online.
As Slovenia’s streets continue to hum with electric engines, the abrupt power-down signals a stark reminder of the volatile nature of green-tech ambition.
