A $40 million wind turbine factory in northeast Arkansas that opened in 2010 with plans to employ more than 700 people announced Friday it would end production and lay off 40 workers.
Germany-based Nordex SE, parent company of Nordex USA, said the company had not received enough orders due to an uncertain U.S. market, overcapacity in the industry and an unstable outlook for a federal tax production credit.
The company said factory workers would be let go after existing orders have been filled. The layoffs are expected to start in October.
**************************
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.