Vestas Cuts U.S. Jobs by 20 Percent Awaiting Tax Credit Decision
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Vestas Wind Systems A/S, the world’s biggest maker of wind turbines, has cut about a fifth of its U.S. jobs as it waits for lawmakers to decide whether to extend a tax credit for the industry.
The reduction has taken its workforce in the U.S. and Canada to about 2,600 employees from more than 3,400 at the beginning of the year, the Aarhus, Denmark-based company said today in a statement on its website, which added more detail to an announcement made late yesterday.