31 Aug '12, 11pm

Vestas slashes another 1,400 jobs - for now: WORLDWIDE: Danish turbine manufacturer Vestas may be for... #wind #job

However, Ditlev Engel, the troubled turbine manufacturer's chief executive, refused to rule out further cuts at the firm's US facilities if the country's production tax credit (PTC) subsidy expires at the end of the year, he told Windpower Monthly. "The 3,700 job cuts we have announced are before we have taken a decision on our manufacturing footprint in North America," said Engel, speaking in August as Vestas published it financial results for the first half and second quarter of 2012. Geographical spread So far Vestas has let go 1,000 staff this year. Of the remaining 2,700 identified job losses, the company says they will be split geographically as follows: 55% in Europe and Africa, 25% in Asia Pacific and 20% in the Americas. Engel said the cuts will be across the business and largely as a result of mergers of different parts of its business, announced as part of its r...

Full article: http://www.windpowermonthly.com/news/rss/1147004/Vestas-s...

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