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REC Silicon ASA (REC.OL)

REC.OL on Oslo Stock Exchange

0.52NOK
19 Oct 2018
Change (% chg)

kr0.00 (+0.77%)
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Thu, Jul 19 2018

REC Silicon posts second quarter loss on China-U.S. solar trade war

OSLO A U.S.-China trade dispute sent Norway's REC Silicon , a supplier to the solar industry, plunging to a quarterly loss on Thursday, but the company's shares rose after it indicated it would not need to issue new equity this year.

UPDATE 2-REC Silicon posts Q2 loss on China-U.S. solar trade war

* Shares rise on assurance of no equity increase this year (Adds share price, analyst)

Solar trade row with China forces REC Silicon to cut U.S. jobs

OSLO Norway's REC Silicon , a supplier of silicon materials to the solar industry, will cut around 100 U.S. jobs and take further asset impairments due to a U.S.-China trade war over solar panels, it said on Monday.

UPDATE 2-Solar trade row with China forces REC Silicon to cut U.S. jobs

* Shares down 68 pct over past 5 years (Adds comment, background, updates shares)

CORRECTED-UPDATE 1-Norway's REC Silicon lays off workers at U.S. plant, blaming trade war

OSLO, July 2 Norway's REC Silicon, a supplier of silicon materials to the solar industry, said on Monday it would reduce nearly 40 percent of its workforce at one of its two plants in the United States, blaming the ongoing U.S.-China trade war.

CORRECTED-Norway's REC Silicon lays off nearly 40 pct of workers at US plant

OSLO, July 2 Norway's REC Silicon, a supplier of silicon materials to the solar industry, said on Monday it would reduce nearly 40 percent of its workforce at one of its two plants in the United States, blaming the ongoing U.S.-China trade war.

CORRECTED-BRIEF-REC Silicon lays off nearly 40 pct of US plant workers, blames China-US solar trade war

* REC SILICON WILL EXECUTE A LAYOFF AFFECTING NEARLY 40% OF ITS CURRENT WORKFORCE IN MOSES LAKE, WASHINGTON ON JULY 2, 2018

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