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Denmark’s Green Europe Meets Chinese Wall as Vestas Cuts Jobs
Denmark’s push for a green Europe suffered a reality check as domestic wind turbine producer Vestas Wind Systems A/S (VWS) cuts back one tenth of its workforce to survive Chinese competition and a slump in demand.
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Europe’s ambition of leading the world in clean energy and reducing greenhouse gas emissions by 20 percent through 2020 is suffering setbacks as leaders struggle to generate economic growth against a backdrop of over-indebtedness and tough competition from markets such as China.
http://www.bloomberg.com/news/2012-01-12/denmark-s-green-europe-meets-chinese-wall-as-vestas-cuts-jobs.html
...
Europe’s ambition of leading the world in clean energy and reducing greenhouse gas emissions by 20 percent through 2020 is suffering setbacks as leaders struggle to generate economic growth against a backdrop of over-indebtedness and tough competition from markets such as China.
http://www.bloomberg.com/news/2012-01-12/denmark-s-green-europe-meets-chinese-wall-as-vestas-cuts-jobs.html