Photo of Iowa
For Immediate Release
September 18, 2012

Announcement by Siemens Energy, Inc.

M E M O R A N D U M

TO:    Reporters and Editors
RE:    Siemens layoffs
DA:    Tuesday, September 18, 2012

Senator Chuck Grassley made a comment about the restructuring announcement made today by Siemens Energy, Inc. regarding its operations in Fort Madison, Iowa.

“My heart goes out to the people losing jobs.  When you're in that situation, it’s a depression, not a recession, for you and your family.  In this case and others, the market conditions described by the company emphasize the need for certainty of policies out of Washington, from the production tax credit for wind to the threat of other taxes going up and heavy-handed regulations that make it harder for businesses to sustain and create jobs.  Leadership is needed to provide the kind of certainty and confidence employers need to keep and hire workers.”