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Home » News » Leader of Polycrystalline MEMC will fire 1300 person
12月24

Leader of Polycrystalline MEMC will fire 1300 person

Posted by admin in News

Leader of Polycrystalline MEMC will fire 1300 personLeader of Polycrystalline MEMC will fire 1300 person_1Leader of Polycrystalline MEMC will fire 1300 person_2

Dec. 8 evening news, the U.S. silicon wafer maker MEMC Electronic Materials (WFR) on Thursday announced plans to lay off 1,300 people worldwide, representing 20% of its workforce to cut costs.

The positions being cut, about 250 in the United States, about 41% in the semiconductor materials sector, 47% of the material in the solar panel.

The company plans included in the fourth quarter and the $ 700 million related to restructuring expenses, and up to $ 675 million of impairment charges.

MEMC is expected in the fourth quarter adjusted loss of 5 cents per share – 10 cents per share, adjusted revenue of 789 million -8.61 million.

Including one-time items, the company expects fourth quarter loss per share of $ 5.20-6.38. Analysts polled by FactSet accepted the company’s earnings per share expected 9 cents on revenue of $ 935 million.

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