MARKETS_ BRIEF-REC Silicon to lay off 400 U.S. workers over China dispute

REUTERS

Markets | Tue Sep 22, 2015 2:53am EDT

Related: Stocks, Markets

BRIEF-REC Silicon to lay off 400 U.S. workers over China dispute

Sept 22

Rec Silicon Asa:

* Unresolved U.S./China solar trade war will force shutdown of remaining Moses Lake capacity in Washington state

* Approximately 400 out of current 720 employees will have to be laid off

* Says remains hopeful that China will proceed to make a deal on U.S. polysilicon in connection with the current opportunity for a global resolution of the solar trade war, which creates substantial value and multiple benefits for China Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

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