Acciona Windpower plans to cut employment by 58 at its West Branch facility in response to slackening demand for wind turbines. In a statement, Acciona said demand "is uncharacteristically low due primarily to instability in the financing markets." A total of 65 positions are being cut.
Acciona Windpower plans to cut employment by 58 at its West Branch facility in response to slackening demand for wind turbines. In a statement, Acciona said demand "is uncharacteristically low due primarily to instability in the financing markets." A total of 65 positions are being cut.
Acciona Windpower plans to cut employment by 58 at its West Branch facility in response to slackening demand for wind turbines.
In a statement, Acciona said demand "is uncharacteristically low due primarily to instability in the financing markets."
A total of 65 positions are being cut 65. All except seven are at the West Branch facility.
Acciona Windpower Vice President and General Manager Adrian LaTrace said the company expects to return to previous production levels and staffing as the economic stimulus package and other factors driving the wind power industry take effect.
Employees who want to return to the company will have to reapply, however the company said they are specially trained employees who will "have an obvious …
... more [truncated due to possible copyright]Acciona Windpower plans to cut employment by 58 at its West Branch facility in response to slackening demand for wind turbines.
In a statement, Acciona said demand "is uncharacteristically low due primarily to instability in the financing markets."
A total of 65 positions are being cut 65. All except seven are at the West Branch facility.
Acciona Windpower Vice President and General Manager Adrian LaTrace said the company expects to return to previous production levels and staffing as the economic stimulus package and other factors driving the wind power industry take effect.
Employees who want to return to the company will have to reapply, however the company said they are specially trained employees who will "have an obvious advantage" if they choose to reapply.
Acciona Windpower, a unit of Spain-based Acciona Energy, manufactures 1.5-megawatt wind turbines in West Branch, its first wind turbine factory in North America.
The West Branch facility was expected to employ about 110 when it was dedicated in January 2008.
Rival wind turbine producer Clipper Windpower cut about 90 positions at its factory in Cedar Rapids in January, also citing difficulty by wind farm developers in obtaining project financing due to the turmoil in financial markets.