Moventas

Finland / Moventas Gears: Layoffs to come

Moventas Gears – the Finnish gear maker owned since last year by Scottish engineering group Clyde Blowers – is in discussions with staff over the implementation of temporary layoffs, which it blames on an “insufficient order backlog” for early 2013. Last year Moventas nabbed an €80m ($106m) contract to supply gearboxes for Areva’s 5MW offshore … Continue reading →