India

India

Vestas to cut back Indian operations

INDIA: Vestas has announced it is scaling back its operations in India as part of the global restructure of the business.

Vestas extending its Indian R&D centre in 2011
Vestas extending its Indian R&D centre in 2011

In a statement, the company said it was "scaling back its sales efforts in the Indian market". Instead it would be concentrating on servicing and maintenance on existing projects using Vestas turbines.

In a statement the company said it had decided to "to scale down its sales efforts in the Indian market to focus on providing value-added service and maintenance to existing Indian wind power plants." It added there would be job cuts.

Vestas was unable to confirm whether the changes will affect its R&D centre in Chennai. The facility, which was opened in 2008 to test and verify components, was extended last year.

Overall, Vestas is implementing cuts to its operations around the world. Earlier this month, the company said it may be forced to further reduce its staff levels, despite announcing 1,400 jobs cuts in August on top of the 2,335 redundancies revealed in January.

At the moment Vestas expects in total to make 3,700 staff redundant in 2012. This will see Vestas end the year with just 19,000 staff globally, rather than the 20,400 predicted when the firm announced its restructuring plan at the start of the year.

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