Ditlev Engel
Wind turbine maker Vestas Wind Systems has dumped its chief executive after weeks of rumours following a series of company losses. Vestas saw a net loss of €62million (£53m) between April and June 2013, €54m (£46m) more of a loss than the same period in the previous year. After eight years with the group the […]
Vestas says it’s chopping 1,400 jobs by the end of the year. The company says it has had to do this to cut costs, as it tries to save €250million (£197m) by the end of 2012, €100million (£79m) more than it originally planned. The Danish wind turbine manufacturer today acknowledged a tough 2012 could get […]
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 […]
Shares in wind turbine manufacturer Vestas dropped by more than 20% this morning on the Copenhagen stock exchange as the company were forced to announce huge profit losses as a result of delays to the construction of a new factory. The company have reduced their 2011 profit estimations from €7bn to around €6.4bn. The company […]
Wind power manufacturers Vestas has said the construction of a turbine manufacturing plant in Kent will only go ahead if it gets enough orders. Speaking to BusinessGreen, Chief Executive Ditlev Engel said: “We have the manufacturing site ready as long as we get the orders to go ahead and manufacture them.” Vestas say that should […]