Unemployment, TPI Composites Inc. By the end of this year, the Newton wind farm could have stopped production.
City manager Matt Mukeller said in a statement Thursday afternoon that the factory could be closed for the rest of the year. According to the Newton Daily News, 750 workers could lose their jobs.
Silman did not return an email for comment Thursday night.
According to the TIPI’s latest annual report, the company has partnered with General Electric International.
The contract gives General Electric the option to renew the contract in 2022. A company spokesman did not immediately respond to a request for comment, and the GIA could not be reached for comment.
Silman told the Daily News that the company had rented the plant until next year and was “actively exploring other opportunities for meaningful work at the facility.”
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In a statement, Newton Mayor Michael Hansen said city officials and social services would help any out-of-town residents.
“Newton is a vibrant economy and a community,” said Mayor Michael Hansen. And while this productive limitation has affected TPI workers and their families, we will continue to work together to overcome the challenges as a community.
Silman did not respond to a request for comment Thursday night, and the company could not be reached for comment.
TPI, the maker of wind turbines, opened the plant when Newton residents felt the need for help. It is the former home of Maytag Equipment Company, which closed Newton’s operations in 2007 when Newton’s 15,800 cities were captured by Weir Pool – TPI came to town that same year.
This is the second time the TPI has shut down a plant in Newton for many years. After investing $ 11.5 million for robots at a similar factory on Rhode Island, Warren, in February 2020, the company closed its factory for electric bus components.
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TIP officials say Newton’s bus factory suffered “initial delays” and “significant losses.” The company said in a statement at the time that the wind farm would be able to hire 150 workers for the entire bus body.
A.D. The Iowa Occupational Safety and Health Administration (TPI) reported hundreds of skin injuries at the 2018 Des Moines Registry Examination, including fire hazards, air pollution, misalignment, fall hazards, and a lack of adequate equipment.
The company settled the case for $ 100,000 and pleaded not guilty.
According to the latest quarterly report by the TPI, $ 5.2 million was lost in the first six months of this year, compared to $ 28.7 million in the same period last year.
A.D. Prior to the outbreak in 2019, the company reported earning $ 15.9 million before tax and debt payments.
Tyler Jet covers jobs and the economy for the De Maines register. Reach him at email@example.com, 515-284-8215, or on Twitter @LetsJett.