Major layoffs coming to Fort Madison plant
The biggest cuts will come in Fort Madison, where 407 workers at a wind turbine blade factory will be out of work. About 220 workers there will be retained.
The company blamed difficult market conditions due to lack of congressional action on a wind energy tax credit as well as increased use of natural gas-fired power plants and an overall sluggish economy.
September 18, 2012
in KHQA News
FT. MADISON, IOWA -- Siemens Corporation has announced a major layoff at their facility in Fort Madison.
A wind energy equipment manufacturer says it will lay off 615 workers in Iowa, Kansas and Florida in part because Congress has not renewed a tax credit for wind energy.
Steve Bisenius, executive director of the Lee County Economic Development Group said that it's a sad day for both the county and the region.
"It is stunning, unbelievable," he said. "We look at the wind industry and see that there is a slowdown in the industry. No question, one cannot be totally surprised." Steve Bisenius, executive... [continue via Web link]