Citizens For A Better Norwood

Friday, July 31, 2009

Biz Courier: Siemens lays off 25% of Norwood work force

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.