at the Citizen Power Alliance 2010 Wind Conference
More PTC Fallout: Siemens Cuts 37% Of Its U.S. Wind Energy Workforce
|Citing "uncertain and changing market conditions" - including doubts surrounding the extension of the wind energy production tax credit (PTC) - Siemens Energy said it is laying off 615 employees - more than 37% of its U.S. wind power workforce - across its manufacturing, projects and administrative-support functions.|
The job cuts will be spread across the company's Hutchinson, Kan., nacelle assembly plant; its Fort Madison, Iowa, blade manufacturing facility; and its Orlando, Fla., Americas headquarters, which also serves as a base for about 200 field-based project support personnel, Siemens spokesperson Melanie Forbrick told NAW.
Just like many companies that have recently announced U.S. layoffs - including Vestas, Clipper Windpower, LM Windpower and DMI Industries - Siemens cited the looming expiration of the PTC as one of the reasons for the workforce reductions.
However, the company said other factors also contributed to the decision. For instance, the overall drop in wind turbine orders is also due to low natural-gas prices and a slow economic recovery.
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posted by SARTRE at 6:46 AM - permanent link
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