Vestas Cuts 2,335 Jobs With More at Risk This Year in U.S.
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Vestas Wind Systems A/S, the world’s biggest wind turbine maker, said it will halt production at one factory and cut 2,335 jobs, or 10 percent of its staff, to become more competitive with Chinese suppliers.
The changes are aimed at saving more than 150 million euros ($191 million) by the end of 2012, the company based in Aarhus, Denmark, said today in a statement. Vestas said another 1,600 jobs in the U.S. are at risk as a tax credit supporting the industry expires at year-end.