United States

United States

Vestas to axe 6% of US staff

US: Vestas is to make 114 redundancies in its US operation, shortly after announcing its 'best-ever' annual results.

Vestas to make 114 reduncies to its US operation
Vestas to make 114 reduncies to its US operation

The redundancies add up to 6% of Vestas’ North American workforce. In a statement Vestas said the affected positions include construction, purchasing, supply chain management/inventory, resource management, and technology.

A Vestas spokeswoman said: "This decision responds to a general slowdown in wind energy projects in North America. When the North American market for wind energy improves, Vestas will focus on creating clean-energy jobs."

There are no redundancies at the company's Colarado plant.

The news follows Vestas’ announcement last week, as part of its 2009 annual results, that it has secured orders for 8-to-9GW for 2010 worth EUR2.2billion.

Europe will account for almost half of the intake while the Americas and Asia-Pacific will account for 30% and 20% respectively.

The company also announced its pre-tax earnings for the year rose by 28% to EUR856m while revenue increased by 10% to EUR6.6billion. Vestas said the performance represented its "best ever" results.

However there have been questions over Vestas ability to hold onto its position as the world’s number supplier of wind turbines.

Vestas’ report reveals it continues to lose market share, dropping from over 20% in 2008 to 13% in 2009 with rivals such as Siemens, GE Energy and Gamesa continuing to exert pressure.

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