SunEdison to Fire 15% of Workers, May Take $40 Million Charge

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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