Siemens will close its wind blade manufacturing plant in Tillsonburg, Ontario.
The closure will affect 340 employees, 206 with immediate effect with the remaining positions being phased out throughout 2017.
The company says the global wind market undergoing is dramatic changes, presenting increased competition and cost pressures. That significant changes in the global and regional markets, combined with physical limitations at the existing plant amounted to the decision to close the plant.
The plant began commercial operation in 2011 to provide wind blades for projects in Ontario and beyond. Since then, the plant has produced more than 2,500 blades and supported projects in Ontario & Quebec, Canada; U.S.; U.K.; and Sweden.