Danish wind turbine company, Vestas, announced yesterday that they would be making further job cuts globally.
They say that at the beginning of 2012 they had 22,700 employees around the world, but by the end of 2013, this would be reduced to 16,000.
CEO Ditlev Engel said, “Vestas is progressing faster than expected in executing the plan we have earlier announced to lower the operating costs of the company. We expect 2013 to be a tough year for the wind industry and to adapt to future uncertain market development we have decided to further intensify our cost saving plan to make sure we are scalable and able to react fast to the challenges we expect in the market in the coming years.”
How this will affect the R&D centre on the Isle of Wight is unclear.
Full details can be found in their release
