Articles filed under General from Denmark

Vestas Wind falls into red as virus impacts supply chain

The company suspended its 2020 guidance last month, but said in its earnings report on Tuesday that the level was still within its grasp. Vestas said that the loss, which was in line with their expectations, came from increased logistics costs and supply chain bottlenecks made worse by the coronavirus.
5 Apr 2020

Wind power giant Vestas to cut 600 jobs in Denmark and Germany

A fall in prices and near collapse in the German market are among factors forcing Vestas to make the jobs cuts, according to Jacob Pedersen, a head analyst with Danish bank Sydbank who closely monitors the industry. “Prices are significantly lower than they were just two years ago. That’s why there’s a need to be very careful about costs,” Pedersen said.
27 Sep 2019

Vestas to lay off 350 at Lem blade factory

Danish wind OEM Vestas has confirmed it plans to lay off some 350 workers at its blade factory in Lem, Denmark by year-end. The company blamed high manufacturing costs and salary levels, "compared to the market level within manufacturing" for the redundancies.
16 Nov 2016

Vestas scandal continues to widen

The Danish financial crimes office’s 18-month investigation into a former Vestas head of finance, Henrik Nørremark, has taken a dramatic turn and has been expanded to include a number of other former Vestas bosses.
8 May 2014

Dong sells off Danish onshore projects

Dong made clear its intention to sell onshore assets to fund offshore development in a new strategy and financial action plan published in February. ..."Our competences and capital will be deployed in offshore wind where we have a strong and differentiated competitive platform."
25 Jun 2013

http://www.windaction.org/posts?location=Denmark&topic=General&type=Article
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