IAM Union Applauds Siemens $60 Million Investment in New Railcar Manufacturing Facility in Upstate New York

URLhttps://www.goiam.org/news/territories/tcu-union/p
SourceInternational Association of Machinists and Aerospace Workers
Date Published09/09/2024

Additional Reshoring Information:

Company/Division name Siemens
Parent companySiemens
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):300
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2024
Capital investment ($):60
Country(ies) from which reshored:Germany
City reshored to:Horseheads
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredRailcars
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Infrastructure, Skilled workforce availability/training
Government Incentive dollar amount:4
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