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

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By Andrew Lee London

 Thursday, December 08 2011

Updated: Sunday, November 25 2012

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.

SunEdison…

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