Danish wind turbine maker to cut 3,000 more jobs

Vestas net income loss widens from stiff competition and market slowdown.

November 7, 2012   by ASSOCIATED PRESS

COPENHAGEN, Denmark — Vestas Wind Systems A/S, the world’s largest maker of wind turbines, plans to cut 3,000 more jobs.

Figures released Nov. 7 show its third-quarter loss almost trebled to $224 million amid stiff competition and a market slowdown.

The Denmark-based group says it will reduce the number of employees to some 16,000 by the end of 2013. That’s down from a little over 22,700 at the end of 2011.

Vestas said the new job cuts will mainly affect temporary employees.

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