{"id":28914,"date":"2012-04-20T13:50:20","date_gmt":"2012-04-20T17:50:20","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=28914"},"modified":"2012-04-20T13:50:20","modified_gmt":"2012-04-20T17:50:20","slug":"memc-technology-rips-with-first-solar-on-restructuring-efforts-wfrfslr","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/04\/20\/memc-technology-rips-with-first-solar-on-restructuring-efforts-wfrfslr\/","title":{"rendered":"MEMC Technology Rips With First Solar On Restructuring Efforts (WFR,FSLR)"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=veb8684b1700e5758f8ba70c46c19044169de82ad&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=veb8684b1700e5758f8ba70c46c19044169de82ad&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Shares of MEMC Technology (NYSE:WFR) are trading 10% higher along with First Solar (NASDAQ:FSLR) on news the latter would dramatically restructure itself.First Solar, which manufactures polysilicon wafers, has outperformed its sector by 1% year-to-date.First Solar said it would cut 2,000 jobs or 30% of its workforce and close a plant in Frankfurt. The company added that it would indefinitely idle four production-lines in Kulim, Malaysia.First Solar said it is projecting savings of $100 million &#8211; $120 million a year, but will take charges of $245 million &#8211; $370 million.First Solar will also pay down $145 million of debt.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/04\/20\/1_sosj6gt2_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/04\/20\/1_sosj6gt2_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of MEMC Technology (NYSE:WFR) are trading 10% higher along with First Solar (NASDAQ:FSLR) on news the latter would dramatically restructure itself.First Solar, which manufactures polysilicon wafers, has outperformed its sector by 1% year-to-date.First Solar said it would cut 2,000 jobs or 30% of its workforce and close a plant in Frankfurt. The company added &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/04\/20\/memc-technology-rips-with-first-solar-on-restructuring-efforts-wfrfslr\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;MEMC Technology Rips With First Solar On Restructuring Efforts (WFR,FSLR)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-28914","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=28914"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28914\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}