It’s deja vu all over again as we watch MEMC Electronic Materials struggle. Earlier this month, we reported that they had laid off 200 workers. Now, they’ve laid off 200 more, according to SEC filings. This time, the cuts are happening in Korea.
EETimes.com has more details from the regulatory filing:
… Read the restThe company has now committed to further reductions in force affecting an additional 200 employees of the company’s Korean subsidiary, MEMC Korea Company,” according
General Electric has laid off 85 workers at its solar panel plant in Newark, New Jersey, a workforce cut of about 30 percent. The plant also reduced production to a single shift. The layoffs were the result of the global economic credit crisis, which has made it more difficult for GE’s customers to get credit for solar projects.
In an article on Delaware Online, GE Energy Spokesman Tom Rumsey commented on the layoffs, saying
"It’s … Read the rest
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 … Read the rest
Br Solar International just announced that it will be getting rid of a manufacturing plant in Spain and will reduce production at its Frederick, Maryland plant in the US. This will result in 620 workers being laid off. BP does plan to increase PV production from 159 MW to 320MW, but the increased production will take place in India and China.
Reyad Fezzani, chief executive at BP Solar, advised BusinessGreen.com that his company is still … Read the rest
Pacific Ethanol is temporarily halting production at its Stockton plant, laying off more than 20 workers. The company says that unfavorable market conditions prompted its decision, according to the Sacramento Bee. Pacific Ethanol VP Paul Koehler told the newspaper that the company is halting production at the Stockton plant and a plant in Burley, Idaho:
… Read the restEach plant employs about 35 people, two-thirds of whom will be laid off, Koehler said.
"A core staff will
DMI industries, an operating company of Otter Tail, just announced that it will be cutting its workforce by 20% due to the current economic situation. The company will start 2009 with 750 employees in total, 150 more than at the beginning of 2008. The workers who have been laid off will be provided benefits and compensation for a transition period.
Here’s what DMI president Stefan Nilsson had to say about the layoffs:
… Read the rest"We remain committed
GT Solar International announced on Friday that it will lay off 25 workers from its Merrimack solar furnace operations. No further layoffs have been announced at this time, and GT Solar states that there is still strong enough demand for its polysilicon reactors to maintain current employment levels in its other locations. The 25 workers who were cut due to a slowdown in directional solidification system (DSS) furnace production rates. Due to the economic crisis, … Read the rest