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Vestas to axe 1,400 jobs

Danish wind turbine firm Vestas, which previously said it would cut 2,335 jobs during 2012, has announced a further 1,400 cuts. This followed a downgrade of its forecasts for the shipments of turbines this year, warning that the market would deteriorate further in 2013.

Commenting, Vestas chief executive Ditlev Engel said “The further reduction in the workforce is part of the continued cost saving plans which Vestas has been working on since November 2011 … It is always unfortunate to have to say goodbye to good colleagues in Vestas, but we have said before that 2012 will be tough and 2013 will be even tougher for Vestas, and in order to reach our target of making 2013 profitable, it is unfortunately a necessity.

If your company is facing the prospect of having to make redundancies, ensure that you follow the correct procedures with the help of these professionally written template redundancy documents.

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