Vestas to lay off some 1,400 workers - Yahoo! Finance
Danish wind turbine maker Vestas to lay off 1,400 workers
Vestas Wind Systems A/S, the world's biggest maker of wind turbines, says it is slashing 7 percent of its workforce in its second round of lay-offs this year.
The western Denmark-based group says the job cuts of 1,400 workers will help it reduce fixed costs by more than €250 million ($310 million) as it deals with stiff competition and a market slowdown.
It was not immediately clear where the ax would fall, but Vestas has already announced some lay-offs in the United States. In January, the company trimmed its workforce by 2,335 jobs worldwide. It currently has 20,400 staff.
More green failures.............
Danish wind turbine maker Vestas to lay off 1,400 workers
Vestas Wind Systems A/S, the world's biggest maker of wind turbines, says it is slashing 7 percent of its workforce in its second round of lay-offs this year.
The western Denmark-based group says the job cuts of 1,400 workers will help it reduce fixed costs by more than €250 million ($310 million) as it deals with stiff competition and a market slowdown.
It was not immediately clear where the ax would fall, but Vestas has already announced some lay-offs in the United States. In January, the company trimmed its workforce by 2,335 jobs worldwide. It currently has 20,400 staff.
More green failures.............
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