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Vestas Wind Systems A/S (VWSYF)

Other OTC - Other OTC Delayed price. Currency in USD
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37.03-1.35 (-3.52%)
At close: 3:55PM EDT
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    Read This Before Investing in Renewable Energy

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  • Vestas to cut 450 U.S. jobs on lower short-term demand
    Reuters

    Vestas to cut 450 U.S. jobs on lower short-term demand

    Vestas said on Wednesday it would reduce its production capacity in United States, which entails cutting 450 positions in three factories across Colorado, as the company cited lower near-term demand. "With a larger fleet under service and lower demand in the near-term, we are therefore consolidating our setup in Colorado," Chief Operating Officer Tommy Nielsen said in a statement. Shares in Vestas were down 1.28% at 1334 GMT in Copenhagen.