Leader of Polycrystalline MEMC will fire 1300 person

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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...