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Tuesday, February 3, 2009

Recession hits renewable energy industry

From an article in The Business Journal:

Wausaukee Composites Inc. and Pacal Industries LLC have notified state officials that the two manufacturing companies intend to lay off a total of 150 employees from their operations in southwest Wisconsin.

The companies informed the state Department of Workforce Development through separate Worker Adjustment and Retraining Notification (WARN) letters received by the department this week.

Wausaukee-based Wausaukee Composites said beginning Tuesday it laid off 61 employees at its plant in Cuba City in Grant County because of the "sudden and unanticipated termination" of deliveries and purchase orders from the plant's only customer, according to its WARN letter. The layoffs are expected to be temporary.

The plant produces wind turbine components. The customer, Wausaukee Composites' largest client, was not identified.

Wausaukee Composites said it could not provide a date for when employees might be recalled, given the volatility of the U.S. economy and availability of credit for wind farm developers purchasing turbines from the customer.

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