SunEdison To Trim 15% Of Global Workforce

HFA Padded
Mani
Published on
Updated on

SunEdison said Monday that it will trim 15% of its global workforce as part of a restructuring plan intended to optimize business operations aligning with current and future market opportunities. The clean energy giant indicated in its filing with the SEC that it anticipates that the restructuring will involve total charges of roughly $30 million to $40 million, which will be recorded in the third quarter of 2015 through the first quarter of 2016. SunEdison’s series of big acquisitions The Maryland Heights, Missouri-based company has unveiled a series of big acquisitions. As detailed by ValueWalk, SunEdison and its unit TerraForm Power announced…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports