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REC Silicon to cut workforce at all locations

Moses Lake, USA - REC Silicon ASA has announced that it must take additional cost-cutting measures that include a workforce reduction affecting approximately 60 positions across all locations.

The workforce reduction is due to continued weakness in the solar grade and electronic grade polysilicon markets, as well as continued uncertainty from the prolonged solar trade war between the US and China.

Tore Torvund, President REC Silicon ASA said, "We did not take this decision lightly. It is unfortunate that this decision is necessary in order to remain competitive during continued periods of uncertainty. We do believe that after taking these difficult measures, the organization will be well positioned for continued and successful operations."

These measures will go into effect immediately but will not affect polysilicon production volumes or production capacity going forward.



Source: IWR Online, 08 Nov 2013

 


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