Sadly, the Cincinnati Business Courier is reporting that Siemens Energy and Automation laid off more than 100 employees at its Forest Avenue location yesterday following a third-quarter report showing net profit falling 8% and orders down by 28%. This past February, the company completed a $30 million expansion of its Norwood plant, which manufactures electric motors.
posted by Citizens For A Better Norwood at
Citizens for a Better Norwood is a grassroots organization established by Norwood residents to improve the quality of life in the community. We do this by researching issues and legislation and supporting programs that directly impact the City of Norwood. We are committed to promoting and increasing the active participation of all Norwood residents in the political process. You can contact us through e-mail at email@example.com. or call 238-4349.