Denmark’s Green Europe Meets Chinese Wall on Vestas Cuts
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Denmark’s push for a green Europe suffered a reality check as domestic wind turbine producer Vestas Wind Systems A/S cuts back one tenth of its workforce to survive Chinese competition and a slump in demand.
“When global development is lagging, we have a challenge,” Jan Hylleberg, chief executive officer of the Danish Wind Industry Association, said in an interview yesterday. “Most important for the Danish industry in these times are the political decisions that need to be taken, especially in Europe.”