Vestas Cutting Jobs Despite Leading Wind Installations
Vestas occupies the top spot when it comes to market share among global wind turbine manufacturers, according to a new analysis, but the Danish business is not immune to the challenges facing several of the leading companies in the wind power sector.
Supply chain issues are buffeting wind energy, as they have other industries. Though Vestas Wind Systems A/S continues as the leading manufacturer of wind turbines, according to a GlobalData report released March 22, the company also this month announced it plans to cut at least 275 jobs, including 75 in Denmark, in what it termed a “highly volatile environment” for the sector. A Vestas spokesperson in a statement said the group wants to balance “2022 priorities and long-term growth” for the company, with the job cuts part of “adjusting our activities and organizational setup.”
It’s the latest round of job cuts for the wind energy giant. A POWER analysis of Vestas’ announcements found the company has jettisoned nearly 2,000 jobs from its manufacturing facilities in Denmark, the UK, Germany, and Colorado since September 2019.…
