Vestas To Cut 3,000 More Jobs

Wed, 11/07/2012 - 9:45am

COPENHAGEN, Denmark (AP) -- Vestas Wind Systems A/S, the world's largest maker of wind turbines, plans to cut 3,000 more jobs.

Its announcement Wednesday came alongside figures Wednesday showing that its third-quarter loss almost trebled to €175 million ($224 million) amid stiff competition and a market slowdown.

The Denmark-based group says it will reduce the number of employees to some 16,000 by the end of 2013. That's down from a little over 22,700 at the end of 2011.

Vestas said the new job cuts will mainly affect temporary employees.


Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.