Vestas Falls as Turbine Maker Forecasts Order Decline

Vestas Wind Systems A/S, the world’s largest maker of wind turbines, fell the most in nine weeks in Copenhagen trading after saying orders will decline next year and that it will cut 3,000 jobs because of reduced demand.

The Danish manufacturer forecast 7,000 megawatts to 8,000 megawatts of orders, compared with its estimate of 8,000 megawatts to 9,000 megawatts for 2010. The Randers-based company postponed giving revenue and profitability forecasts for 2011 until February citing “high market uncertainty.”