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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.

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