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Vestas Wind Systems A/S to Cut 110 Jobs from Blade Factories in Windsor and Brighton-DJ


Thursday, 21 Feb 2013 04:26pm EST 

Dow Jones reported that Vestas Wind Systems A/S is cutting approximately 110 jobs from its blade factories in Windsor and Brighton. Workers at the factories had been on a reduced 32-hour work week. Following the job cuts, the remaining employees will return to a 40-hour week. The move comes in response to a drop for orders as the federal wind production tax credit, a key element in financing wind farms, was only renewed in January for one year. 

Company Quote

34.605
-0.46 -1.31%
15 Aug 2014