Denmark Says Won’t Support Vestas If Turbine Maker Needs Bailout

Denmark Says Won’t Support Vestas If Turbine Maker Needs Bailout

Ken James/Bloomberg

Vestas in 2012 announced two rounds of job cuts that hit more than 3,700 employees, or a sixth of its workforce, to reduce fixed costs by more than 250 million euros ($323 million). The company is struggling to stay competitive as it faces declining demand in Europe and the U.S.