MEMC Electronic Materials (WFR) Lays Off 200
MEMC Electronic Materials has laid off 200 employees in Missouri and Texas. The company will pay $2.5 million in severance-related charges in the second quarter as a result of the layoffs.
In a regulatory filing, the company commented on the purpose of the layoffs, saying
“The action was taken to better align the company’s workforce to current manufacturing needs as demand for semiconductors and semiconductor wafers has been significantly impacted by the current global economic environment."
More on this topic
(What's this?)
The hungry, rabid 200 pound gorilla
(Gold Versus Paper, 3/21/09)
Random Ravings From the Lunatic Fringe
(Fusion Investing and Analysis, 5/6/09)
World's Top 200 Universities
(Moomin Valley, 3/2/09)
Semiconductor Sector: Potential For Secular Run
(Comments for thetechnicaltake, 3/20/09)
No comments yet.
Leave a comment