Denmark – Vestas announces 1,400 job cuts

Danish wind turbine company Vestas is to cut an additional 1,400 jobs.

Officials from the firm said that the move comes ahead of predicted sluggish demand in the industry next year, and will provide the organisation with some EUR 100 million in cost savings.

The news comes after Vestas cut 2,335 jobs earlier in the year as a result of slowing sales. The firm currently has around 1,900 workers employed in its production facilities worldwide. More than half of the workers affected by the latest move are based in Europe, around 20 per cent are employed in the Americas and around 25 per cent are working in the Asia-Pacific region…

via Denmark’s Vestas firm announces 1,400 job losses | IceNews – Daily News.