Vestas Lays off 10% of Workforce, Restructures Management

[wtmusic]

"The world's biggest wind turbine manufacturer, Vestas, has announced plans to lose 2,335 employees worldwide, stop production at one of its 26 plants, and has warned that further cuts are likely, in order to save €150m by the end of the year.

This is the third time the company has cut its workforce in as many years; 3,000 were sacked in 2010, and there was the closure of its Isle of Wight factory in 2009 despite massive opposition.

The Danish firm had recently issued its second profits warning in three months and its share price has fallen to its 2003 level."

http://lowcarbonkid.blogspot.com/2012/01/vestas-lays-off-10-of-workforce.html