Siemens to cut more than 600 wind jobs

Siemens Energy Inc. (NYSE: SI) said it will lay off 615 workers at wind equipment manufacturing plants Iowa, Kansas and Florida because Congress has not renewed the Production Tax Credit for wind energy and a drop in new wind turbine orders, according to The Associated Press.

The majority of job cuts will come in Fort Madison, Iowa, where the company will reportedly cut 407 workers at a wind turbine blade factory, the article said. About 220 workers at that plant will keep their jobs.

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