Covering business news is the stable-cleaning job of journalism. I know. I edited the business section of a newspaper once. It's a lousy job because most of sources are unreliable. If things are going well, they exaggerate. If things aren't going well, they lie. Or cover up as best they can.
Things aren't going well for the Molded Fiberglass plant in Aberdeen. They announced a "substantial" layoff at their plant. The Aberdeen newspaper announced it this way:
Why would not a company be precise about the impact? Because it calls into question how well the company is run, how well it is doing. The clue is in the phrase "unexpected reduction in customer orders."
The troubling aspect of that statement is that the renewable energy market is in a state of growth A CNBC story states:
In its latest Annual Energy Outlook, the U.S. Energy Information administration projected renewable energy consumption will grow faster than any other source through 2040, because capital costs fall as more solar and wind farms crop up and federal and state policies encourage their construction.The story states this rosy outlook despite Trump's vow to restore the nation to a fossil fuel energy basis.
So, why a reduction of orders in a growing market? Some problems with the product? Some problems in selling to a strong market? Management problems?
Aberdeen is a city that does not have a good history with companies that set up shop here. The Aberdeen American News has does a fine job of tracking the record. The one thing it leaves out is the call centers that have popped up, then vanished. But here is an outline of the history of Molded Fiberglass and an accounting of businesses that have closed down and the effect those closing have had on the labor market. (I reproduce it here from the American News for those who might be blocked by the pay wall.)