Iowa wind turbine plant announces 407 layoffs
Wednesday, September 19, 2012 3:01 PM
The Siemens wind turbine manufacturing plant -- a major supplier to MidAmerican Energy Co. -- said Tuesday it would layoff two-thirds of its workers at the Fort Madison plant.
The layoffs are prompted by sluggish orders due to uncertainty about whether Congress will extend a 2.2 cents-per-kilowatt-hour production tax credit before its Dec. 31 expiration, according to
DesMoinesRegister.com.