Danish wind turbine maker Vestas plans to slash 2,335 jobs in a bid to cut by €150million by the end of 2012. Vestas blamed the redundancies on the “economic downturn”. A further 1600 jobs in America could be cut if the firm’s US production tax credit isn’t extended.
The news comes days after Vestas announced it had lower profit than expected in 2011 because some of its new projects were delayed to next year.
Ditlev Engel, chief executive and president said: “I am truly sorry that we have to say goodbye to so many skilled and loyal Vestas colleagues. The expected layoffs are one of many steps that we now take in order to bring down costs and [optimise] our already global presence in a highly competitive wind energy market.”