Iowa City Being Threatened by Massive Job Losses, Once more

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Fourteen years in the past, a central Iowa city noticed 3,000 jobs vanish. In 2021, the town is poised to lose nearly a thousand jobs.

Thursday was not an excellent day for workers of TPI Composites in Newton. The corporate has been making wind blades for Normal Electrical however informed each staff and metropolis leaders yesterday that they anticipate manufacturing to stop on the finish of 2021. That’s if they do not discover a new product to make or a brand new buyer for the wind blades they have been producing.

WHO-TV reviews that, following a gathering with the corporate Thursday afternoon, Metropolis Administrator Matt Muckler mentioned,

It’s unlucky that industry-specific points could trigger TPI to droop manufacturing at their Newton facility on the finish of December. TPI’s Normal Supervisor Josh Syhlman shared the information of this potential suspension of manufacturing with Metropolis officers Thursday afternoon. TPI’s workforce comes from everywhere in the area so this is able to affect not solely Newton however many communities all through Central Iowa.

It is half two of a double-whammy of unhealthy information with regards to the manufacturing of wind energy equipment in Newton. Arcosa Wind Towers had beforehand alerted Iowa Workforce Improvement that they might be shedding 82 staff on Tuesday, October 19. That is roughly 50 p.c of the Newton workers of Arcosa, which is predicated in Dallas, Texas. The plant makes wind towers, in keeping with WHO-TV.

Officers with the Metropolis of Newton say the job losses within the metropolis are tied to the truth that metal costs have hit report highs and Congress hasn’t prolonged a tax credit score for wind power manufacturing. Fortune reported this summer season that metal costs had risen 215 p.c because the starting of the COVID-19 pandemic in March of 2020. The wind power manufacturing tax credit score is presently set to run out on December 31.

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