SunEdison - About 15% of Workforce
SunEdison Inc., the world’s biggest clean-energy developer, is planning to fire about 15 percent of its workforce.
The restructuring will lead to charges of $30 million to $40 million,
which will be recorded in the third and fourth quarters of this year
and first quarter of 2016, according to a filing Monday with the
Securities and Exchange Commission.
Maryland Heights, Missouri-based SunEdison said the cuts were “in
response to current and expected market conditions and in order to
remove duplicative activities created as a result of merger and
acquisition activities and business growth.”
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