[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Wind turbine giant Vestas cuts 3,000 jobs  

Credit:  BBC News, www.bbc.co.uk 26 October 2010 ~~

Vestas, the world’s largest wind turbine maker, is cutting 3,000 jobs because of weak demand.

The Danish company reported net profits of 126m euros ($177m; £111m) for the three months to the end of September, 24% down on the same period last year.

Most of the job cuts will be made in Denmark and Sweden.

It said it would book between 140m and 160m euros of one-off costs related to the job cuts in the next quarter, mainly covering property and plant.

Vestas said this would keep it on track to meet full-year forecasts.

Despite the growing global interest in wind power from countries as widespread as China, Cape Verde and the UK, Vestas made a loss in the second quarter and cut its sales forecast.

Vestas’ chief executive, Ditlev Engel, said it had become cheaper to build a wind turbine in Spain than in Denmark.

The UK Prime Minister, David Cameron, said this week that the country needed thousands of massive wind turbines and the government would provide up to £60m to meet the needs of offshore wind infrastructure.

Source:  BBC News, www.bbc.co.uk 26 October 2010

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.