U.S. Turbine Blade-Making Plant to Layoff Majority of Work Force
U.S. Turbine Blade-Making Plant to Layoff Majority of Work Force
Posted: 27 Nov 2009 02:11 PM PST
Gamesa (HQ in Spain) blames one of the important reasons many U.S. manufacturers in other industries have too: Banks unwilling to extend credit or new loans to developers trying to launch new wind projects.
So, this new movement of tooling up and transitioning from auto-dependent to a brighter, more promising “Green Energy” market isn’t materializing as smoothly as we thought.
Why aren’t these banks lending to sustainable energy programs? I thought this was supposed to be the future of America’s resurgence in manufacturing. We know banks are turning cold shoulders to those connected to the auto industry. Where’s the Obama camp on this one?
The affected plant is an hour outside Pittsburgh and will officially impact 141 of the 238 union positions within the Gamesa facility.
Source: Tool and Die
Tags: American Business
December 1st, 2009 at 8:03 am
You might want to check out how much Gamesa is now getting from China. They are not the only windpower company that has moved all of it’s manufacturing to China and is trying to find some other reason for closing it’s USA manufacturing facilities.