MEMC to axe 1,300 staff and merge SunEdison project arm

SunEdison will be merged with MEMC's solar materials business in the New Year

SunEdison will be merged with MEMC's solar materials business in the New Year

Silicon-wafer giant MEMC has announced plans for around 600 job losses in its solar operation as part of a major restructuring programme.

MEMC will also scale-back production, and merge its SunEdison PV project development arm and its Solar Materials division into a single business.

The US group says the moves will “better align the business to current and expected market conditions” in the solar industry and the semiconductor market – its other key sector.

MEMC will cut its workforce by 1,300 worldwide – 250 of them in the US – representing about 20% of its total employees.

About 41% of those will be in the semiconductor business and 47% in the Solar Materials operation.

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