REpower Systems SE, the Indian wind turbine maker Suzlon Group’s German arm, said on Friday it would reduce up to 750 jobs across the world as part of its plan to achieve cost savings of about 100 million euros ($130 million) in the current fiscal year.
“Whilst the long-term outlook for the sector remains strong, the mid-term outlook is expected to remain uncertain and volatile, and we need to prepare for that,” REpower CEO Andreas Nauen said in a statement.
The Hamburg-headquartered company has 3,300 employees.
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via Suzlon’s German arm REpower Systems to cut 750 jobs – Indian Express.
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