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Anticipated lay-offs become official in Newton

News

October 19th, 2021 by Ric Hanson

(Newton, Iowa) – An anticipated round of layoffs in Newton is now official. KCCI reports a posting from Iowa Workforce Development’s Worker Adjustment and Retraining Notification Act website shows TPI Composites will lay off 710 employees.

Iowa law requires companies to disclose mass layoffs or plant closures to the state within 60 days. In September, the city of Newton announced the facility could be suspending production at the facility later this year. The city of Newton announced Thursday that TPI Composites will possibly be suspending production at the facility later this year.

The company was founded in 1963 and has been producing wind blades since 2001. The city said the Newton plant employs about 800 people.